The Jamaican dollar hit a new record low last week when it broke through the J$102 mark against the United States dollar.
The Bank of Jamaica (BOJ) has responded with another float of two special certificates of deposit, both of which are seeking to raise unlimited amounts.
The Jamaican dollar instruments are used as tools by the central bank to divert investor cash away from foreign exchange purchases and ease demand on the forex market.
Expectations that the pressure on the local currency would have eased with the signing of an IMF bailout agreement in May have not been realised.
The new instruments are priced at 7.49 per cent per annum at the initial quarterly payout on a 6-month instrument, which reprices at a 0.15 per cent premium above the prevailing three-month treasury rate at subsequent payments; and at 7.54 per cent for a nine-month CD, which later reprices at three-month WATBY plus 0.2 per cent.
The offers in which only BOJ's primary dealers and commercial banks can participate opened Monday and closes on or before Friday, August 30.
These new floats bring the number of special CD offers to 20 so far this year, inclusive of one instrument that was reopened in July.