Jamaica’s Net International Reserves (NIR) totalled US$3.86 billion as at October 2021, reflecting a decrease of US$96.15 million relative to the US$3.96 billion reported at the end of September 2021.

At its current value, the NIR is US$974.07 million more than its total of US$2.89 billion reported at the end of October 2020. The current reserve is able to support approximately 45.70 weeks of goods imports and 32.62 weeks of goods and services imports.

Foreign Assets totalled US$4,740.51 million, US$94.47 million less than the US$4,834.98 million reported for September 2021. ‘Currency & Deposits’ contributed the most to the decrease in Foreign Assets.

‘Currency & Deposits’ as at October 2021 totalled US$3,651.02 million reflecting a decrease of US$136.54 million compared to US$3,787.56 million booked as at September 2021.

‘Securities’ amounted to US$347.33 million; US$13.96 million more than the US$333.37 million reported at September 2021. While ‘Special Drawing Rights & IMF Reserve Position’ amounted to US$742.16 million; US$28.11 million more than the US$714.05 million reported at September 2021.

Liabilities to the IMF accounted for 100 per cent of total Foreign Liabilities; this amounted to US$872.44 million which reflected a month-on-month increase of US$1.67 million in comparison to the US$870.77 million recorded for September 2021.