New forex tool has made Jamaican market more competitive – Wynter

FX correlation

The governor of the Bank of Jamaica has declared the central bank’s new foreign exchange trading tool a success.

“The Bank of Jamaica Foreign Exchange Intervention and Trading Tool (B-FXITT) is a series of measures centred on rules-based, competitive, multiple-price auctions for the central bank’s transactions with intermediaries in the foreign exchange market,” Brian Wynter explained.

According to the governor, who made the remarks at Central Banking’s National Asset-Liability Management

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