Net International Reserves – March 2022

April 08, 2022

BOJ has reported that Jamaica’s Net International Reserves as at March 31, 2022 amounted to US$3,675.85 million, reflecting an increase of US$86.53 million relative to the US$3,589.32 million reported at the end of February 2022.

Foreign Assets totalled US$4,323.66 million, US$64.03 million more than the US$4,259.63 million reported in February 2022. ‘Currency & Deposits’ held by the BOJ as at March 31, 2022 totalled US$3,781.08 million, reflecting an increase of US$52.47 million compared to the US$3,728.61 million reported in February 2022.

‘Securities’ were now valued at US$341.55 million; US$11.35 million more than the US$330.20 million reported in February 2022. The country’s ‘Special Drawing Rights & IMF Reserve Position’ grew marginally to US$201.02 million relative to the US$200.81 million reported as at February 28, 2022. Liabilities to the IMF were reduced by US$22.50 million to US$647.81 million when compared to the US$670.31 million reported at the end of February 2022.

At its current value, the nation’s NIR is US$356.52 million more than the US$3,319.33 million reported at the end of March 2021. The current reserve can support approximately 47 weeks of goods imports and 30 weeks of goods and services imports.


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 affect transactions or have positions in securities mentioned herein. In addition, employees of Mayberry may have positions and effect transactions in the securities mentioned herein.