January 10, 2022

For the month of December 2021, BOJ has reported Jamaica’s Net International Reserves (NIR) has totalled US$3,999.7 million, reflecting an increase of US$103.71 million relative to the US$3,896 million reported at the end of November 2021.

Foreign Assets totalled US$4832.4 million, US$82.10 million more than the US$4750.3 million reported for November 2021.‘Currency & Deposits’ as of December 31, 2021 totalled US$3,776.5 million reflecting an increase of US$82.30 million compared to US$3,694.2 million in the bank at November 2021.

‘Securities’ amounted to US$340.5 million; US$3.3 million more than the US$337.3 million reported in November 2021. While the country’s ‘Special Drawing Rights & IMF Reserve Position’ fell to US$715.4 million; US$ 3.5 million less than the US$718.8 million reported in November 2021. Liabilities to the IMF sat at US$832.6 million which reflected a month on month decline of US$21.6 million in comparison to the US$854.3 million recorded for November 2021.

At its current value, the NIR is US$873.6 million more than its total of US$3,126.1 million reported at the end of December 2020. The current reserve can support approximately 54.3 weeks of goods imports and 33.5 weeks of goods and services imports.

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