BoJ again intervenes in Forex market

BoJ again intervenes in Forex market

Wednesday, November 13, 2019

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KINGSTON, Jamaica — The Bank of Jamaica (BoJ) again intervened in the foreign exchange market this morning with an offer of US$30 million to be sold to authorised dealers and large cambios.

The Central Bank said this was done by means of Bank of Jamaica's Foreign Exchange Intervention and Trading Tool (B-FXITT).

This follows yesterday's intervention of US$40 million which was sold at a weighted average rate of $142.38.

The BoJ said these interventions are intended to address temporary demand and supply imbalances in the market.

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