Jamaica’s Wynter says forex volatility is nothing to worry about
Central bank uses social media to calm markets after forex intervention
The governor of the Bank of Jamaica took to Twitter to calm markets after the central bank intervened in the foreign exchange market this month.
“There has been a significant slippage in the exchange rate and a sharp increase in up and down movements in the last few weeks,” Brian Wynter said in a short video clip on February 4.
At the beginning of the month, the central bank sold $30 million to authorised dealers via its foreign exchange intervention and trading tool (B-FXITT).
On February 4
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