Currency & Liquidity

  • Currency Notes: Issues

    Compiled from information available at the Bank of Jamaica: - Currency Notes: Issues Represent notes issued by Bank of Jamaica, (Banking Department) Commercial Banks, Building Societies and the Cambio Association of Jamaica during each quarter.

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  • Currency Notes: Redemptions

    Compiled from information available at the Bank of Jamaica: Currency Notes: Redemptions Comprise notes redeemed to Bank of Jamaica (Banking Department ) and Commercial Banks during the respective quarter.

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  • Currency Notes: Circulation

    Compiled from information available at the Bank of Jamaica: Currency Notes: Circulation Represent the Stock Notes in circulation at the end of each quarter.

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  • Commercial Banks Clearing

    Totals of cheques exchanged in the Clearing House of the Bank of Jamaica each month. The exchange of cheques include by means of delayed settlements, cheques drawn on all banks and branches in Jamaica.

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  • Commercial Banks Liquid Assets

    Compiled from monthly reports of liquid assets submitted by the commercial banks. Data are an average of the Wednesdays in the month to August 1976. From September 1976, data are an average of all the working days in the month.219 Cash includes domestic currency in bank vaults. Balances with Bank of Jamaica include Cash Reserve, Current Account and Certificates of Deposit. Local Registered Stock include stocks which have nine months or less to maturity or which may be specified by the Minister. Specified Assets include development loans of five years and over as may be determined by the Minister. Specified Foreign Assets related to foreign currency balances provided that such balances were obtained by purchase in Jamaica dollars after January 10, 1983 at rates other than the official rate of exchange. The inclusion of specified foreign assets in the determination of the commercial banks\\\\\\\' liquid assets is effective as from June 1, 1983. This was terminated in March 1984.

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  • Commercial Banks Liquidity Ratio

    Ratios are compiled from data in Table 14.0

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  • Commercial Banks Statutory Liquidity

    Compiled from monthly reports of liquid assets submitted by commercial banks. The Banking Law 1960 as amended by the Banking (Amendment) Act 1973 requires commercial banks to maintain a minimum of 20.0 percent of their prescribed liabilities as liquid assets. Such prescribed liabilities include deposit liabilities and such other liabilities as may by notice be specified by the Bank of Jamaica. Under Section 29 (1) of the Bank of Jamaica Act, as amended by the Bank of Jamaica (Amendment) Act 1984, the Central Bank may from time to time vary the percentage of prescribed liabilities which commercial banks are required to maintain as liquid assets. This is subject to the provision that such percentage shall not be less than 20 percent or more than 50 percent.

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