July 9, 2024
Net International Reserves – June 2024
BOJ has reported that Jamaica’s Net International Reserves as at June 30, 2024 stood at US$5,185.08 million, reflecting an increase of US$150.19 million when compared to the US$5,034.88 million reported at the end of May 2024.
Foreign Assets totalled US$5,261.51 million, US$132.16 million more than the US$5,129.35 million reported in May 2024.
‘Currency & Deposits’ held by the BOJ as at June 30, 2024 totalled US$3,586.24 million, reflecting an increase of US$116.56 million compared to the US$3,469.68 million reported in May 2024.
‘Securities’ were valued at US$1,599.86 million; US$16.06 million more than the US$1,583.79 million reported at the end of May 2024. The country’s Special Drawing Rights fell to US$39.43 million relative to the US$39.68 million recorded a month prior.
‘IMF Reserve Position’ decreased to US$35.97 million from the US$36.20 million reported last month. Liabilities to the IMF decreased by US$18.04 million to US$76.43 million against the US$94.47 million reported at the end of May 2024.
Presently, the country’s foreign exchange reserves are US$901.61 million, or 21% more than the US$4,283.47 million held by the BOJ at the end of June 2023. The current NIR supports approximately 38.61 weeks of goods imports and 26.40 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.
