June 10, 2024
Net International Reserves – May 2024
BOJ has reported that Jamaica’s Net International Reserves as at May 31, 2024 stood at US$5,034.88 million, reflecting a decrease of US$67.41 million when compared to the US$5,102.29 million reported at the end of April 2024.
Foreign Assets totalled US$5,129.35 million, US$67.01 million less than the US$5,196.37 million reported in April 2024.
‘Currency & Deposits’ held by the BOJ as at May 31, 2024 totalled US$3,469.68 million, reflecting a decrease of US$38.28 million compared to the US$3,507.96 million reported in April 2024.
‘Securities’ were valued at US$1,583.79 million; US$10.68 million less than the US$1,594.47 million reported at the end of April 2024. The country’s Special Drawing Rights fell to US$39.68 million relative to the US$57.89 million recorded a month prior.
‘IMF Reserve Position’ increased to US$36.20 million from the US$36.05 million reported last month. Liabilities to the IMF went up by US$0.40 million to US$94.47 million against the US$94.07 million reported at the end of April 2024.
Presently, the country’s foreign exchange reserves are US$826.15 million, or 20% more than the US$4,208.73 million held by the BOJ at the end of May 2023. The current NIR supports approximately 37.64 weeks of goods imports and 25.73 weeks of goods and services imports.
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