July 10, 2023
BOJ has reported that Jamaica’s Net International Reserves as at June 30, 2023 stood at US$4,283.47 million, reflecting an increase of US$74.74 million when compared to the US$4,208.73 million reported at the end of May 2023.
Foreign Assets totalled US$4,786.72 million, US$55.91 million more than the US$4,730.82 million reported in May 2023. ‘Currency & Deposits’ held by the BOJ as at June 30, 2023 totalled US$3,088.99 million, reflecting an increase of US$61.49 million compared to the US$3,027.50 million reported in May 2023.
‘Securities’ were valued at US$1,547.66 million; US$5.88 million less than the US$1,553.54 million reported at the end of May 2023. The country’s ‘Special Drawing Rights’ increased to $113.70 million relative to the $113.47 million recorded a month prior. ‘IMF Reserve Position’ increased to US$36.38 million from the US$36.31 million reported last month. Liabilities to the IMF fell by US$18.84 million to US$503.25 million against the US$522.09 million reported at the end of May 2023.
At its current value, the nation’s international reserve is $478.72 million, or 13% higher than the $3,804.75 million held by the BOJ on June 30, 2022. The current NIR supports approximately 38.75 weeks of goods imports and 26.46 weeks of goods and services imports.
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