Currency & Liquidity

  • Currency Notes: Issues

    Compiled from information available at the Bank of Jamaica: - Currency Notes: Issues Represent notes issued by Bank of Jamaica, 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 and Commercial Banks during the respective quarter.

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  • Currency Notes: Circulation

    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 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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