July 9, 2024

Net International Reserves – June 2024

BOJ has reported that Jamaica’s Net International Reserves as at June 30, 2024 stood at US$5,185.08 million, reflecting an increase of US$150.19 million when compared to the US$5,034.88 million reported at the end of May 2024.

Foreign Assets totalled US$5,261.51 million, US$132.16 million more than the US$5,129.35 million reported in May 2024.

‘Currency & Deposits’ held by the BOJ as at June 30, 2024 totalled US$3,586.24 million, reflecting an increase of US$116.56 million compared to the US$3,469.68 million reported in May 2024.

‘Securities’ were valued at US$1,599.86 million; US$16.06 million more than the US$1,583.79 million reported at the end of May 2024. The country’s Special Drawing Rights fell to US$39.43 million relative to the US$39.68 million recorded a month prior.

‘IMF Reserve Position’ decreased to US$35.97 million from the US$36.20 million reported last month. Liabilities to the IMF decreased by US$18.04 million to US$76.43 million against the US$94.47 million reported at the end of May 2024.

Presently, the country’s foreign exchange reserves are US$901.61 million, or 21% more than the US$4,283.47 million held by the BOJ at the end of June 2023. The current NIR supports approximately 38.61 weeks of goods imports and 26.40 weeks of goods and services imports.

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