February 8, 2024
Net International Reserves – January 2024
BOJ has reported that Jamaica’s Net International Reserves as at January 31, 2024 stood at US$4,679.09 million, reflecting a decline of US$79.15 million when compared to the US$4,758.24 million reported at the end of December 2023.
Foreign Assets totalled US$4,788.52 million, US$80.12 million less than the US$4,868.64 million reported in December 2023.
‘Currency & Deposits’ held by the BOJ as at January 31, 2024 totalled US$3,083.85 million, reflecting a decline of US$82.48 million compared to the US$3,166.33 million reported in December 2023.
‘Securities’ were valued at US$1,588.79 million; US$3.38 million more than the US$1,585.40 million reported at the end of December 2023. The country’s Special Drawing Rights fell to US$79.51 million relative to the US$80.22 million recorded a month prior.
‘IMF Reserve Position’ fell to US$36.37 million from the US$36.69 million reported last month. Liabilities to the IMF fell US$0.97 million to US$109.43 million against the US$110.41 million reported at the end of December 2023.
At its current value, the nation’s international reserve is US$813.45 million or 21% higher than the US$3,865.64 million held by the BOJ on January 31, 2023. The current NIR supports approximately 34.32 weeks of goods imports and 23.55 weeks of goods and services imports.
Disclaimer:
Analyst Certification – The views expressed in this research report accurately reflect the personal views of Mayberry Investments Limited Research Department about those issuer (s) or securities as at the date of this report. Each research analyst (s) also certify that no part of their compensation was, is, or will be, directly or indirectly, related to the specific recommendation (s) or view (s) expressed by that research analyst in this research report.
Company Disclosure – The information contained herein has been obtained from sources believed to be reliable, however its accuracy and completeness cannot be guaranteed. You are hereby notified that any disclosure, copying, distribution or taking any action in reliance on the contents of this information is strictly prohibited and may be unlawful. Mayberry may effect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.
