The Bank of Jamaica (BOJ) issued $12 billion in net currency during the last 10 working days of December 2021.

The currency issued during the period contributed to an overall growth of $22.5 billion or 11 per cent in the currency stock for December 2021 relative to the previous month.

 

The growth was said to be broadly in line with the BOJ’s projection for growth of $23.1 billion or 11.3 per cent.

 

However, in comparison to December 2020 growth rate of 12.8 per cent, the rate of growth in currency issue for December 2021 decreased by 1.8 per cent.

 

The currency was issued to financial institutions namely commercial banks, building societies and cambios.

https://www.jamaicaobserver.com/business-report/-22-5-b-christmas-spend_240739?profile=1056