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BOJ intervenes in forex market for second day

Published:Friday | July 19, 2019 | 10:06 AM

For a second day, the Bank of Jamaica (BOJ) has intervened in the foreign exchange market.

This morning, the BOJ says it offered US$15 million to authorised dealers and large cambios.

This follows yesterday’s intervention of US$20 million which the central bank says was sold at a weighted average rate of $137.95.

Last week, the BOJ sold US$30 million to the market in a similar move.

The central bank says the interventions are intended to address temporary demand and supply imbalances in the market.

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