Gross International Reserves Remain Healthy
Jamaica’s gross international reserves remain substantially healthy at US$4.4 billion, Bank of Jamaica (BOJ) Governor, Richard Byles, says. He noted that the reserves were buoyed by Central Bank net purchases of US$940 million from the local foreign exchange market. “The Bank projects that the gross reserves will continue to remain adequate in the medium-term,” he said. Mr. Byles was addressing...