News Release
17 January 2014
BANK OF JAMAICA
NET INTERNATIONAL RESERVES AND BASE MONEY INDICATORS
BASE MONEY INDICATORS (J$M)
Uses:
Net Currency Issue
Total Currency Issue
Notes Issue
Coins Issue
Less: Cash held by BOJ
Commercial Banks' Statutory Reserves
Commercial Banks' Current Account 1
Monetary Base 2
Sources:
Net International Reserves
Assets
Liabilities
Net Domestic Assets
Net Claims on the Public Sector
Open Market Operations
Net Credit to Commercial Banks
Other
Total
End
November 2013
58,345.76
58,427.44
55,633.85
2,793.59
81.68
33,609.44
162.84
92,118.04
78,672.05
149,756.29
-71,084.24
13,445.99
167,792.10
-52,848.78
-21,346.70
-80,150.63
92,118.04
End
December 2013R
69,801.72
69,890.13
67,059.63
2,830.50
88.41
33,593.26
238.40
103,633.38
98,642.73
171,104.85
-72,462.12
4,990.65
157,750.27
-51,003.64
-21,500.42
-80,255.56
103,633.38
Change
11,455.97
11,462.70
11,425.79
36.91
6.73
-16.19
75.56
11,515.34
19,970.68
21,348.56
-1,377.89
-8,455.34
-10,041.83
1,845.14
-153.71
-104.92
11,515.34
1/ Transaction balances and excess reserves. Data reflect credit balances only.
Note: Statutory cash reserve and current accounts of commercial banks are held at the Bank of Jamaica.
2/ Monetary Base is the aggregate of Net Currency Issue, Commercial Banks' Statutory Cash Reserves and
Current Account.
R: Revised
BANK OF JAMAICA'S INTERNATIONAL RESERVES (US$M)
End
November 2013
F 1,590.78
End
December 2013R
1,817.56
Change
226.78
F 755.09
769.73
14.64
NET INTERNATIONAL RESERVES
Reserves in Weeks of Goods Imports1
Reserves in Weeks of Goods & Services Imports1
1/ Based on estimated value of imports for FY 2013/2014
835.69
14.65
11.03
1,047.83
16.73
12.60
212.14
R: Revised
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