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BOJ again intervenes in FX market

Friday, July 19, 2019

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KINGSTON, Jamaica — The Bank of Jamaica (BOJ) has intervened in the foreign exchange market for a second consecutive day.

BOJ said it offered US$15 million this morning to be sold to authorised dealers and large cambios.

This follows yesterday's intervention of US$20 million, which was sold at a weighted average rate of $137.95.

The central bank, which also sold US$30 million to the market last week, said these interventions are intended to address temporary demand and supply imbalances in the market.


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