The Bank of Jamaica says for the week leading up to the Christmas holidays it has issued net currency amounting to just under six billion dollars.
In a statement this morning it says that represents an increase of 3.3% in the currency stock for the week.
This was below 8-point-1 billion or a 6.2% increase in the stock for a similar period in 2019.
The net currency issue for the review week translated to an increase of $11.8 billion in the currency stock for the month to December 18, 2020.
The increase was below the Bank’s projection for an expansion of 8% for the period, but slightly above the net currency issue of 6.6% for the corresponding period in 2019.
As at December 18, 2020, the stock of currency was $180-billion.
This represents an annual nominal growth of 30.4%, relative to 13.9% for the corresponding period in 2019.
When the forecasted change in the general level of consumer prices is considered, the estimated real growth in the currency for the period is 23.7%, which is above the real growth of 7.2% for the same period of the previous year.