Going For Growth: Small Biz feedback on BOJ US Currency Interventions
Recently there was an increase in the demand for foreign currency, attributed mostly to the seasonal restocking by retailers ahead of the Christmas period. This, along with the demand for portfolio transactions, spurred a drastic depreciation in the value of the Jamaican dollar despite normal daily inflows. This led to the Bank of Jamaica (BOJ) take action to stabilize the currency. Listen to this edition of Going for Growth to hear how the situation impacted micro, small and medium sized enterprises (MSMEs).
Producer: Anthony Morgan