JMD Drops To $139 To $US1 Even As BOJ Pumps $US30 In Forex Market

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The Jamaican dollar continued its slide against the US dollar, now nearing $J139 to $US1.

The local currency lost another 51 cents on Friday, to sell for an average $138.88 cents.

The Bank of Jamaica intervened in the market on Friday, selling $US30 million in a flash slash sale.

In a statement, the BOJ says the intervention is intended to address what it describes as a temporary supply and demand imbalance.

The Jamaican dollar also lost  83 cents against the Canadian, to start today’s trading at $105.64-cents.

It also fell $1.48 cents against the British Pound, to sell today at an average of 177. 33-cents.




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