• As of the end of January 2021, the Bank of Jamaica’s Net International Reserves (NIR) stood at US$2,982.80Mn, reflecting a 4.7% (US$147.99Mn) decline relative to December 2020.
• This marginal fall-off in the NIR can be explained by a 3.6% (or US$147.64Mn) decline in total foreign assets.
• The NIR for January translated to 50.23 weeks of goods imports, which is lower than the 53.83 weeks reported at the end of December. It also translated to 36.14 weeks of goods & services imports at the end of January versus 38.85 weeks at the end of December.
• At the current level, Jamaica’s NIR remains well-above the international benchmark of 12-weeks of imports.  

(Source: BOJ)