Central bank aims to halt slide of Jamaican dollar

The Bank of Jamaica (BOJ) has taken additional steps aimed at halting the slide in the value of the Jamaican dollar against its United States counterpart.

The BOJ on Monday announced that it had issued a special five-month open market instrument with 30 per cent interest. However, the rates on all other open market instruments remain unchanged.

The new instrument forms part of efforts by the central bank to absorb excess liquidity in the financial system.

It's reported that increased liquidity i