February 10, 2022
BOJ has reported that Jamaica’s Net International Reserves (NIR) as at January 31, 2022 now sits at US$3,507.66 million, reflecting a decrease of US$493.12 million relative to the US$4,000.77 million reported at the end of December 2021.
Foreign Assets now total US$4,335.63 million, US$497.77 million less than the US$4,833.40 million reported in December 2021. ‘Currency & Deposits’ as of January 31, 2022, totalled US$3,792.23 million reflecting an increase of US$14.71 million compared to the US$3,777.52 million reported in December 2021.
‘Securities’ were valued at US$336.94 million; US$3.56 million less than the US$340.51 million reported in December 2021. While the country’s ‘Special Drawing Rights & IMF Reserve Position’ also fell, now valuing US$206.46 million; US$508.91 million less than the US$715.37 million reported in December 2021. Liabilities to the IMF sat at US$827.98 million which reflected a month on month decline of US$4.65 million in comparison to the US$832.62 million recorded for December 2021.
At its current value, the nations NIR are US$524.85 million more than the US$2,982.81 million reported at the end of January 2021. The current reserve can support approximately 48.74 weeks of goods imports and 30.06 weeks of goods and services imports.
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