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NIR makes major jump
1:43 am, Wed October 8, 2014
The Net International Reserves, NIR, have jumped to a 39 month high.
The NIR which is the money set aside for the proverbial rainy day, rose by US$79 million last month. With the increase, the Bank of Jamaica says the NIR is now at more than US$2.2 billion.That's the highest it has been since June 2011.
At current levels the NIR is capable of purchasing just under 5 months of imports.
1:43 am, Wed October 8, 2014
The Net International Reserves, NIR, have jumped to a 39 month high.
The NIR which is the money set aside for the proverbial rainy day, rose by US$79 million last month. With the increase, the Bank of Jamaica says the NIR is now at more than US$2.2 billion.That's the highest it has been since June 2011.
At current levels the NIR is capable of purchasing just under 5 months of imports.
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