January 9, 2024
Net International Reserves – December 2023
BOJ has reported that Jamaica’s Net International Reserves as at December 31, 2023 stood at US$4,748.14 million, reflecting an increase of US$150.55 million when compared to the US$4,597.58 million reported at the end of November 2023.
Foreign Assets totalled US$4,858.54 million, US$131.33 million more than the US$4,727.21 million reported in November 2023.
‘Currency & Deposits’ held by the BOJ as at December 31, 2023 totalled US$3,162.43 million, reflecting an increase of US$120.70 million compared to the US$3,041.73 million reported in November 2023.
‘Securities’ were valued at US$1,579.20 million; US$9.90 million more than the US$1,569.30 million reported at the end of November 2023. The country’s Special Drawing Rights rose to US$80.22 million relative to the US$79.71 million recorded a month prior.
‘IMF Reserve Position’ rose to US$36.69 million from the US$36.46 million reported last month. Liabilities to the IMF fell US$19.22 million to US$110.41 million against the US$129.63 million reported at the end of November 2023.
At its current value, the nation’s international reserve is US$771.89 million or 19% higher than the US$3,976.25 million held by the BOJ on December 31, 2022. The current NIR supports approximately 34.82 weeks of goods imports and 23.89 weeks of goods and services imports.
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