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Article: Cash reserve requirements raised.(JAMAICA)(Bank of Jamaica)(Brief article)
- Article from:
- Caribbean Update
- Article date:
- February 1, 2009
CopyrightCOPYRIGHT 2009 Caribbean Update, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Bank of Jamaica (BOJ) raised cash reserve requirements for banks in order to mop up liquidity and stem the slide of the Jamaican dollar, reports the Jamaica Observer (Dec. 26, 2008). The move was the second such in December. "This decision by the BOJ means that the cost of ...
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