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BOJ intervenes to stabilise Jamaican dollar

Published:Friday | May 20, 2016 | 5:51 PM
Shaw ... says he has taken note of concerns about the sliding dollar and has raised the matter with BoJ Governor Brian Wynter.

Finance Minister Audley Shaw says the Bank of Jamaica (BoJ) today started intervening in the foreign exchange market to stabilise the Jamaican dollar.

The Jamaican dollar which has been slipping against the US dollar in recent weeks is now trading at $125.33 to US$1.

READ: JCC warns continued slide in $J will increase inflation, damper investments

Shaw says he has taken note of concerns about the dollar and has raised the matter with BoJ Governor Brian Wynter.

 

Finance Minister Audley Shaw

The finance minister was speaking at a press conference this morning.