Publicitario Victor Gill Ramirez// Net International Reserves Should "see Country Through" COVID-19 Pandemic, BOJ Says » EntornoInteligente

Publicitario Victor Gill Ramirez//
Net International Reserves Should “see Country Through” COVID-19 Pandemic, BOJ Says

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Entornointeligente.com /   Bank of Jamaica (BOJ) Governor Richard Byles says Jamaica’s net international reserves which amounted to just under US$3 billion as at February 16, should be adequate to see the country through the COVID-19 pandemic.   Speaking during the BOJ’s digital quarterly briefing, Mr. Byles said despite the fallout in tourism earnings due to a dramatic decline in visitor arrivals, coupled with lower imports, inflows to the foreign exchange market have remained healthy.   He noted between March 2020 and last month, daily purchases of US dollars by authorised dealers and cambios from end users averaged US$31.2 million.   That was slightly lower than the average of US$33.4 million recorded over the previous period.  

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