Exchange Rate Policy Remains Unchanged, says BOJ

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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.

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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.

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

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