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BOJ: Almost $100 billion to be in circulation this holiday season

Published:Saturday | December 17, 2016 | 1:13 PM

The Bank of Jamaica (BOJ) says just under $100 billion will be in circulation this holiday season.

The Central Bank says this represents nominal growth of 18.5 per cent when compared with December last year.

BOJ says the currency in circulation this month is close to $16 billion or 19 per cent more than last month.

It explains that increased spending over the holiday period usually result in a stronger demand for the currency during the month of December.