The overall amount of currency in circulation at the end of December 2022 totalled $238.8 billion, the Bank of Jamaica (BOJ) has reported.  This represented an annual nominal growth of three per cent, compared to 19.1 per cent at the end of December 2021.  A BOJ communiqué on Friday (January 6) indicated that when the estimated change in the general...

The Statistical Institute of Jamaica (STATIN) wishes to advise the public that the data collection for the 2022 Population and Housing Census which was previously scheduled to end in December 2022, will be extended into the first quarter of 2023 to ensure maximum coverage of the Jamaican population. Data collection commenced in September 2022 on a phased basis. Since then,...

The Bank of Jamaica (BOJ) has continued to use a three-pronged approach to address high domestic inflation, since October 2021. This was disclosed by Governor, Richard Byles, while delivering a monetary policy statement during a recent meeting of the Standing Finance Committee of the House of Representatives, at Gordon House. These include gradual increases in the Bank’s policy interest rate...

Total currency in circulation during December 2022 is expected to amount to $227.6 billion, says the Bank of Jamaica (BOJ). The projected currency stock represents a 0.3 per cent increase compared to 19.1 per cent for the corresponding period in 2021, the BOJ further stated, adding that a total of $211.4 billion was in circulation as at December 9. The...

Jamaica and the International Monetary Fund (IMF) have reached a Staff Level Agreement that will enable the Government to access approximately US$1.7 billion under the IMF’s Precautionary and Liquidity Line (PLL) and Resilience and Sustainability Facility (RSF). This provision is being made at the Government’s request and forms part of the policy response to prevailing global shocks. The request is...

Jamaica is experiencing a robust economic recovery from the COVID-19 pandemic. After economic growth of 8.2% in the last fiscal year and a projection of 4.5% for this fiscal year, economic output is expected to attain pre-COVID levels by 2023. Unemployment is lower today than it was prior to the pandemic and our debt to GDP ratio is also lower...

The Government, through the Bank of Jamaica (BOJ), will be embarking on a public education campaign to sensitise Jamaicans about the new series of printed banknotes, which is now in the country. Speaking during Thursday’s (December 15) launch of the notes at the BOJ’s headquarters in downtown Kingston, Minister of Finance and the Public Service, Dr. the Hon. Nigel Clarke,...