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... it must be that the frugal Jamaican people are saving their increasing income... very commendable
Jamaicans spending less this Christmas
2010-12-21 08:17:55 | (0 Comments)
The Bank of Jamaica (BOJ) is reporting that the amount of cash it has released to commercial banks, building societies and cambios since the start of the month is below projection.
The central bank also said the growth for the month-to-date period is slower than the 14.1 per cent expansion for the similar period of 2009.
Between December 13 and 17, the Bank of Jamaica issued $4.3 billion to commercial banks, building societies and cambios.
It said this contributed to an overall increase of $4.5 billion or a 9.5 per cent month-to-date increase in currency issue.
This means that over the period, there was $51.9 billion in the system or 5.2 per cent more than the amount for last year.
The BOJ said additional cash demand is expected during the period up to Christmas Eve when shopping intensifies.
Jamaicans spending less this Christmas
2010-12-21 08:17:55 | (0 Comments)
The Bank of Jamaica (BOJ) is reporting that the amount of cash it has released to commercial banks, building societies and cambios since the start of the month is below projection.
The central bank also said the growth for the month-to-date period is slower than the 14.1 per cent expansion for the similar period of 2009.
Between December 13 and 17, the Bank of Jamaica issued $4.3 billion to commercial banks, building societies and cambios.
It said this contributed to an overall increase of $4.5 billion or a 9.5 per cent month-to-date increase in currency issue.
This means that over the period, there was $51.9 billion in the system or 5.2 per cent more than the amount for last year.
The BOJ said additional cash demand is expected during the period up to Christmas Eve when shopping intensifies.
