Headlines:
| Another decline in NIR |
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| Friday, 09 January 2009 | |
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There has been another
decline in the country's Net International Reserves (NIR). According to information from the Bank of Jamaica the reserves dipped by US$28 million last month. As a result the NIR ended the year at US$1.7 billion down from US$1.79 billion at the end of November. The NIR dipped sharply late last year after the Central Bank intervened to shore up the value of the Jamaican dollar. |