March 9, 2022
BOJ has reported that Jamaica’s Net International Reserves as at February 2022 totaled US$3,589.32 million, reflecting an increase of US$81.66 million relative to the US$3507.66 million reported at the end of January 2022.
Foreign Assets totaled US$4,259.63 million, US$76.01 million less than the US$4,335.63 million reported in January 2022. ‘Currency & Deposits’ as at February 2022, totaled US$3,728.61 million reflecting an decrease of US$63.62 million compared to the US$3,792.23 million reported in January 2022.
‘Securities’ were valued at US$330.20 million; US$6.75 million less than the US$336.94 million reported in January 2022. The country’s ‘Special Drawing Rights & IMF Reserve Position’ also fell, valuing US$200.81 million; US$5.64 million less than the US$206.46 million reported in January 2022. Liabilities to the IMF sat at US$670.31 million which reflected a month on month decline of US$157.67 million in comparison to the US$827.98 million owed as at for January 2022.
At its current value, the nation’s NIR is US$573.12 million more than the US$3,016.18 million reported at the end of February 2021. The current reserve can support approximately 46.11 weeks of goods imports and 29.17 weeks of goods and services imports.
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