December 8, 2023

BOJ has reported that Jamaica’s Net International Reserves as at November 30, 2023 stood at US$4,597.58 million, reflecting a decrease of US$16.69 million when compared to the US$4,614.27 million reported at the end of October 2023.

Foreign Assets totalled US$4,727.21 million, US$14.83 million less than the US$4,742.04 million reported in October 2023.

‘Currency & Deposits’ held by the BOJ as at November 30, 2023 totalled US$3,041.73 million, reflecting a decrease of US$10.40 million compared to the US$3,052.13 million reported in October 2023.

‘Securities’ were valued at US$1,569.30 million; US$11.13 million more than the US$1,558.17 million reported at the end of October 2023.  The country’s Special Drawing Rights decreased to US$79.71 million relative to the US$95.80 million recorded a month prior.

‘IMF Reserve Position’ rose to US$36.46 million from the US$35.94 million reported last month. Liabilities to the IMF rose US$1.86 million to US$129.63 million against the US$127.76 million reported at the end of October 2023.

At its current value, the nation’s international reserve is US$747.68 million or 19% higher than the US$3,849.90 million held by the BOJ on November 30, 2022. The current NIR supports approximately 33.88 weeks of goods imports and 23.25 weeks of goods and services imports.

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