Jamaica uses social media to calm markets after FX intervention

Central bank's Wynter says FX volatility is nothing to worry about, but makes veiled warning

Brian Wynter
Brian Wynter
Felipe Iturra

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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