November 8, 2023
BOJ has reported that Jamaica’s Net International Reserves as at October 31, 2023 stood at US$4,614.27 million, reflecting a decrease of US$102.29 million when compared to the US$4,716.57 million reported at the end of September 2023.
Foreign Assets totalled US$4,742.04 million, US$104.56 million less than the US$4,846.60 million reported in September 2023.
‘Currency & Deposits’ held by the BOJ as at October 30, 2023 totalled US$3,052.13 million, reflecting a decrease of US$98.32 million compared to the US$3,150.45 million reported in September 2023.
‘Securities’ were valued at US$1,558.17 million; US$6.16 million less than the US$1,564.33 million reported at the end of September 2023. The country’s Special Drawing Rights decreased to US$95.80 million relative to the US$95.86 million recorded a month prior.
‘IMF Reserve Position’ decreased to US$35.94 million from the US$35.96 million reported last month. Liabilities to the IMF fell US$2.27 million to US$127.76 million against the US$130.03 million reported at the end of September 2023.
At its current value, the nation’s international reserve is US$839.67 million or 22% higher than the US$3,774.60 million held by the BOJ on October 30, 2022. The current NIR supports approximately 36.59 weeks of goods imports and 25.04 weeks of goods and services imports.
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