Net International Reserves – May 2024

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.



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.