Normalcy returns to Jamaica’s foreign exchange market

The Bank of Jamaica building in downtown Kingston.

The Bank of Jamaica (BOJ) is reporting that a level of normalcy has returned to the nation’s foreign exchange market.

The BOJ notes that since the challenges brought forward by the Jamaica Manufacturers and Exporters Association (JMEA) that US denomination was in scarce quantities, things have now improved.

About two weeks ago, President of the JMEA, Richard Pandohie, disclosed that many of the members were complaining about the lack of access to the currency to carry out their business.

However, BOJ has reported that the inflows have improved and it’s now reaching the end-users in a more timely fashion and in the quantities they require.