Bank of Jamaica should reduce forex ‘footprint’ – IMF


The Bank of Jamaica should reduce its foreign exchange “footprint”, an International Monetary Fund report suggests.

The recommendation comes at a time when the Jamaica faces a sliding currency. The central bank has intervened in forex markets repeatedly, but is trying to limit its actions.

Fund staff welcome the central bank’s efforts to reduce interventions. But it should limit forex sales to flash auctions during severe market distortions, they say.

BoJ reserve accumulation objectives

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: