January 9, 2025
Net International Reserves – December 2024
BOJ has reported that Jamaica’s Net International Reserves as at December 31, 2024 stood at US$5,583.67 million, reflecting an increase of US$175.16 million when compared to the US$5,408.51 million reported at the end of November 2024.
Foreign Assets totalled US$5,632.92 million, US$157.36 million more than the US$5,475.56 million reported in November 2024.
‘Currency & Deposits’ held by the BOJ as at December 31, 2024 totalled US$3,354.18 million, reflecting a decrease of US$77.40 million compared to the US$3,431.58 million reported in November 2024.
‘Securities’ were valued at US$1,993.86 million; US$12.76 million less than the US$2,006.61 million reported at the end of November 2024. The country’s Special Drawing Rights increased to US$249.21 million relative to the US$1.43 million recorded a month prior.
‘IMF Reserve Position’ decreased to US$35.67 million from the US$35.94 million reported last month. Liabilities to the IMF decreased by US$17.80 million to US$49.24 million against the US$67.05 million reported at the end of November 2024.
Presently, the country’s foreign exchange reserves are US$825.43 million, or 17% more than the US$4,758.24 million held by the BOJ at the end of December 2023. The current NIR supports approximately 44.78 weeks of goods imports and 29.35 weeks of goods and services imports.
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