Climbs by US$541.21 million to close month at US$7.18 billion

Durrant Pate/Contributor

Jamaica’s Net International Reserves (NIR) has broken the US$7 billion threshold, rising by US$541.21 at the end of last month.

The NIR at the end of September stood at US$7,18 billion, up from US$6,64 billion reported at the end of the previous month of August. Presently, the country’s foreign exchange reserves are US$986.17 million, or 15.92% more than the US$6.19 billion held by the Bank of Jamaica (BOJ) a year ago. 

The current NIR supports approximately 47.04 weeks of goods imports and 31.14 weeks of goods and services imports. Foreign Assets totalled US$7.181 billion, which is US$537.98 million more than the US$6.643 billion reported in August 2026.

‘Currency & Deposits’ held by the BOJ as at September 30, 2026, totalled US$3.92 billion, reflecting an increase of US$532.60 million compared to the US$3.39 billion reported in August 2026.

‘Securities’ were valued at US$3.05 billion, which is US$6.71 million more than the US$3.04 billion reported at the end of August 2026. The country’s Special Drawing Rights with the International Monetary Fund (IMF) went down to US$161.19 million relative to the US$162.27 million recorded a month prior.

‘IMF Reserve Position’ also declined to US$37.19 million from the US$37.44 million reported last month. Liabilities to the IMF went down to almost, reflecting a US$3.23 million decline.