Exchange Rate Policy Remains Unchanged, says BOJ

Bank of Jamaica Governor, Brian Wynter says the country’s exchange rate policy is the same as it’s been for many years.

He was responding to a statement from Opposition Spokesman on Finance, Mark Golding, on Friday.

Mr. Golding criticized the government for moving to a new exchange rate policy, which he says is being described as a “pure free float”.

The Opposition Spokesman blamed the new policy for causing panic in the society.

However, the central bank governor says there’s no new policy.

The Central Bank governor also rebutted suggestions that the BOJ had done nothing to intervene in the market, as the Jamaican dollar rapidly depreciated over the past three months.

Brian Wynter was speaking at the BOJ’s quarterly press conference on Wednesday.

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