VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18...

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MARCH 2012 VOLUME 22 - NO. 2

Transcript of VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18...

Page 1: VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18 Mar 2012 35.26 2.78 12.39 0.29 19.80 26.00 Mar 2012 2.25-6.40 2.00-6.75 2.00-6.75

MARCH 2012 VOLUME 22 - NO. 2

Page 2: VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18 Mar 2012 35.26 2.78 12.39 0.29 19.80 26.00 Mar 2012 2.25-6.40 2.00-6.75 2.00-6.75

Pages

Figures 1-6 1

Monetary Aggregates 2

Commercial Banks Assets and Liabilities 2

Commercial Banks Deposits and Loans 2

Interest Rates (Selected) 3

Securities 4

Instalment Credit 4

Near-Banks 4

Building Societies 4

Inflation Rates 4

Actual Production 4

Stock Market Activities 4

External Trade 5

Tourism 5

Balance of Payments 5

BOJ Net International Reserves 7

Foreign Exchange 7

Reviews on Balance of Payments 9

CONTENTS

Page 3: VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18 Mar 2012 35.26 2.78 12.39 0.29 19.80 26.00 Mar 2012 2.25-6.40 2.00-6.75 2.00-6.75

2012 Bank of JamaicaNethersole Place

KingstonJamaica

Telephone: (876) 922 0750-9Fax: (876) 922 0854

E-mail: [email protected]: www.boj.org.jm

ISSN 1018-9084

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Figure 3 Figure 4

SELECTED ECONOMIC INDICATORS

Figure 1 Figure 2

Figure 5 Figure 6

0

500

1,000

1,500

2,000

2,500

3,000

Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

US$MN

Months

BOJ Net International ReservesMar 2011 - Mar 2012

0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

20.0

22.5

Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

Percent

Months

Commercial Banks' Weighted Time Deposit Interest Rates Mar 2011 - Mar 2012

Time Deposit Rate Loan Rate

0

10

20

30

40

50

60

70

80

90

100

110

120

130

140

Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

J$BN

Months

Money Supply (M1) Mar 2011 - Mar 2012

Money Supply (M1) Curr with Public Demand Deposits

0.0

2.5

5.0

7.5

10.0

12.5

15.0

17.5

20.0

22.5

Mar-11 Apr-11 May-11 Jun-11 Jul-11 Aug-11 Sep-11 Oct-11 Nov-11 Dec-11 Jan-12 Feb-12 Mar-12

Percent

Months

Commercial Banks' Weighted Time Deposit Interest Rates Mar 2011 - Mar 2012

Time Deposit Rate Loan Rate

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1. MONETARY AGGREGATES (J$mn.)Local and Foreign CurrencyMoney Supply (M1)...................................................

(a) Currency with the Public................................(b) Demand Deposits (adj.)***............................

Quasi-Money..............................................................(a) Time.................................................................(b) Savings.............................................................

Money Supply (M2)..................................................Domestic Credit .......................................................

Local CurrencyMoney Supply (M1)...................................................

(a) Currency with the Public................................(b) Demand Deposits (adj.)***...........................

Quasi-Money..............................................................(a) Time.................................................................(b) Savings.............................................................

Money Supply (M2)..................................................Domestic Credit .......................................................

Base Money...............................................................

II. COMMERCIAL BANKS (J$mn.) *Assets & Liabilities (J$mn.)**................................

Loans**.....................................................................Agriculture...........................................................Manufacturing......................................................Construction & Land Development................... Mining..................................................................

Tourism.................................................................Transport, Storage & Communication...............

Consumer-Oriented.............................................Government Services..........................................Other.....................................................................

Loan Quality (%) - 3 mths & Over Past Due Loans / Total Loans ..............................

Mar 2012 119,170.21 53,655.11 65,515.10 236,928.87 56 ,852.66180,076.21356,099.08348,512.07

Mar 2012111,477.4253,655.1157,822.31

130,842.7529,532.32

101,310.43242,320.17273,565.24

Mar 201283,696.67

Mar 2012624,244.46

Mar 2012277,204.92

6,350.108,190.34

22,587.51520.80

29,827.0111,417.76

164,950.6425,289.03

8,071.73

8.43

Mar 2012409,844.60324,837.6469,415.26

190,178.6565,243.73

32,179.711,580.133,115.57

27,484.01

36,417.8815,448.24

9,860.8111,108.83

Mar 2011 113,786.24

50,310.43 63,475.81

225,941.17 54 ,183.53

171,757.64339,727.41307,137.02

Mar 2011104,347.88

50,310.4254,037.46

128,233.6129,621.4098,612.21

232,581.49231,788.45

Mar 201178,919.19

Mar 2011587,134.84

Mar 2011248,924.25

4,420.488,476.79

19,989.76431.74

30,602.498,917.96

141,020.3927,685.86

7,378.78

6.87

Mar 2011382,636.65312,921.23

66,229.22181,859.23

64,832.78

29,736.621,341.632,552.07

25,842.92

20,911.279,608.426,291.785,011.07

% Change p.a.

4.736.653.214.864.934.844.82

13.47

6.836.657.002.03

-0.302.744.19

18.02

6.05

6.32

11.3643.65-3.3813.0020.63-2.5328.0316.97-8.669.39

7.113.814.814.570.63

8.2217.7822.08

6.35

74.1560.7856.73

121.69

Feb 2012 123,860.92 54,521.52 69,339.40 2 31,580.40

55 ,736.18175,844.22355,441.32342,140.20

Feb 2012114,790.89

54,521.5260,269.37

131,114.4529,806.84

101,307.61245,905.34274,219.72

Feb 201284,950.74

Feb 2012613,496.81

Feb 2012270,430.63

6,301.357,817.08

21,327.09582.07

30,407.5912,150.93

161,709.2522,886.23

7,249.04

8.67

Feb 2012407,454.77323,408.86

68,550.61185,930.06

68,928.19

28,982.351,685.583,196.29

24,100.48

34,363.3115,149.2012,386.83

6,827.28* PanCaribbean Commercial Bank began operations in June 2008; RBTT rebranded as RBC effective July 11, 2011

** Includes provision for loan losses; and excludes loans acquired by FINSAC. *** Excludes Deposits of Government, Public Entities, Financial Institutions and Non Residents + Revised

DEPOSITS.................................................................Private Sector (including overseas res idents)...... Time..................................................................... Savings................................................................. Demand................................................................

Government.............................................................Time.....................................................................Savings.................................................................Demand................................................................

Public Entities........................................................Time.....................................................................Savings.................................................................Demand................................................................

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Mar 201216,409.37

3,632.451,404.91

11,372.01

Mar 2012194.18

Mar 201235.26

2.7812.39

0.2919.8026.00

Mar 2012

2.25-6.40 2. 00-6.75 2. 00-6.75

2.1018.12

3.73

Mar 20125.842.19

17.70

Mar 20126.246.276.47

Mar 20126.25

Mar 2012

0.50-3.700.75-4.000.94-4.40

0.80-3.70 0.86-4.00

1.01-4.4010.11

0.79

Feb 201220,700.25

5,464.672,026.04

13,209.54

Feb 2012200.90

Feb 201233.84

2.7812.25

0.3318.4826.00

Feb 2012

2.25-5.70 2. 25-6.00 2. 00-5.00

2.1018.48

3.52

Feb 20125.992.25

17.76

Feb 20126.366.216.57

Feb 20126.25

Feb 2012

0.50-3.700.75-4.000.94-4.40

0.80-3.70 0.86-4.00 1.01-4.40

10.070.79

II. COMMERCIAL BANKS (J$mn.) (Cont'd)

Spec. & O. F. Insts..................................................Time.................................................................Savings.............................................................Demand............................................................

Current Account Balances with BOJ (J$mn)..........

LIQUIDITY (Average) %Actual Liquid Assets Ratio......................................

Cash....................................................................Deposits with B.O.J..........................................Treasury Bills....................................................Other..................................................................

Statutory Requirement.............................................

III. SELECTED INTEREST RATES (%)COMMERCIAL BANKS (Domestic Currency)

Fixed Deposits (J$100,000 & over)3-6 months.........................................................9-12 months......................................................Call Deposits.....................................................

Average Savings Deposits .....................................Average Loan Rate..................................................

Average Inter-bank Rate ........................................

Weighted Fixed Deposits Rate..............................Overall Weighted Deposit Rate.............................Weighted Loan Rate...............................................

G.O.J. Treasury Bills (Weighted Average) Yield 1 Month:..........................................................

3 Months:......................................................... 6 Months:.........................................................

BOJ Open Market Rates (%) *30-Day ...............................................................

COMMERCIAL BANKS (Foreign Currency) Fixed Deposits (Under US$100,000)

1-3 months...............................................................3-6 months..........................................................6-12 months........................................................

Fixed Deposits (US$100,000 & Over)1-3 months..........................................................3-6 months..........................................................6-12 months........................................................

Average Loan Rates ............................................... AverageSavings .....................................................

Mar 201119,067.53

4,020.411,506.10

13,541.02

Mar 20111,114.28

Mar 201146.62

2.9112.23

0.3431.1426.00

Mar 2011

2.25-6.002.25-6.753.00-5.00

2.3418.52

3.70

Mar 20114.522.65

20.33

Mar 20116.676.466.63

Mar 20116.75

Mar 2011

0.50-3.700.75-4.000.94-4.40

0.80-3.700.86-4.001.01-4.40

9.750.85

% Change p.a. -13.94 -9.65 -6.72 -16.02

* The 60 day - 365 day BOJ Open Market Rates have been withdrawn indefinitely

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Mar 2011761,759.25

4,000.00143,693.98

Mar 201132,134.68

1,753.66

Mar 2011

25,990.717,147.768,535.78

Mar 20117,147.76

24.63354.28

2,155.450.00

296.6919.02

4,045.590.55

251.55

42.11

Mar 201131.2026.00

Mar 2011

175,066.6687,646.97

119,037.08

6.37

Mar 2011168.9

1.10.57.8

Mar 2011 487.83

172.6231.58

Mar 2012839,483.26

4,000.00111,571.95

Mar 201239,527.09

1,865.12

Mar 2012

20,635.656,897.956,471.43

Mar 2012 6,8 97.95

19.06336.01

2,277.270.00

304.860.45

3,905.210.18

54.91

45.77

Mar 201229.6226.00

Mar 2012

190,933.0190,264.31

123,703.46

6.25

Mar 2012181.2

0.51.77.3

Mar 2012379.55166.71

23.17

%Change p.a.

10 .20 0.00

-2 2.35

23.006.36

-20.60-3.49

-24.18

-3.49 -2 2.61

-5. 16 5.65

-2.75

-97.63 -3.47-67.27-78.17

9.062.993.92

7.28

-22.20-3.42

-26.63

IV. SECURITIES (J$mn.) (Outstanding Balances)GOJ Benchmark Investment Notes* ...................................GOJ Treasury Bills..................................................................BOJ Open Market Operations ................................................

V. INSTALMENT CREDIT (J$mn.) (Banks & Near Banks)Total Credit Outstanding...........................................................New Business............................................................................

VI. NEAR-BANKS (J$mn.)**(Merchant Banks, Trust Com. & Finance Houses)Assets/Liabilties.......................................................................Loans Outstanding...................................................................Total Deposits...........................................................................

Loans............................................................................Agriculture.........................................................................Manufacturing.........................................................Construction & Land Development........................................Mining, Quarrying & Processing....................................Tourism............................................................................Transport, Storage & Communication....................................Consumer Oriented.....................................................................Government Services..................................................................

Other.........................................................................................

Loan Quality (%) - 3 mths & OverPast Due Loans / Total Loans ..............................................

Liquid Assets Ratio (average) %...........................................Statutory Requirement.........................................................

VII. BUILDING SOCIETIES (J$mn.)(members & associate members)Assets/Liabilities...................................................................Loan Balances........................................................................Savings Funds........................................................................

Loan Quality (%) - 3 mths & OverPast Due Loans / Total Loans .............................................

VIII. INFLATIONConsumer Price Index (Dec. 2006 = 100).........................Monthly Rate (%)..................................................................Calendar Year to Date (%)....................................................Fiscal Year to Date (%) ........................................................

IX. ACTUAL PRODUCTION ('000) Crude Bauxite (tonnes)....................................................... Alumina (tonnes)................................................................ Sugar (tonnes).....................................................................

Feb 2012838,375.47

4,000.00119,668.32

Feb 201239,196.75

1,464.47

Feb 2012

21,011.066,905.116,599.98

Feb 2012 6,9 05.11

19.15349.36

2,275.690.00

305.140.51

3,898.470.37

56.42

46.05

Feb 201228.3926.00

Feb 2012

189,895.6289,893.98

123,084.38

6.72

Feb 2012180.3

0.81.26.8

Feb 2012364.27151.17

41.64

X. QUARTERLY GROSS DOMESTIC PRODUCT REAL GROWTH RATES (%)

Total Value-Added at Basic Prices Seasonally Adjusted*** ..................................................... Seasonally Unadjusted**** ..............................................

Dec 2010

-0.6-1.1

Sept 2011

0.70.5

Dec 2011

1.60.0

* Includes foreign and domestic currency items ** As at June 2008 PanCaribbean Merchannt Bank ended operations *** Percentage change (%) over preceding quarter**** Percentage Change (%) over the corresponding quarter of the previous year

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5+ Revised* As at end of month** Monthly Values

Value of Stocks Traded (J$mn.)**................................Ordinary Shares.............................................................Block Transactions.......................................................

Advance/Decline Ratio**................................................

XII. EXTERNAL TRADE (US$mn.) 1. EXPORTS

(a) Major Traditional Exports.......................................... Bauxite.........................................................................Alumina........................................................................

Sugar............................................................................. (b) Other Traditional Exports..........................................

(c) Non-Traditional Exports............................................ (d) Re-exports................................................................... General Merchandise Exports...................................... (e) Freezone Exports........................................................ (f) Goods Procured in Ports............................................ TOTAL GOODS EXPORTS...........................................

2a. IMPORTS (by S.I.T.C.) (a) Food.........................................................................

(b) Beverage & Tobacco.............................................. (c) Crude Material......................................................... (d) Mineral Fuel ........................................................... (e) Animal & Vegetable Oil......................................... (f) Chemicals................................................................

(g) Manufactured Goods............................................. (h) Machinery & Transportation.................................

(i) Miscellaneous Manufactured Goods................... (j) Miscellaeous Commodities................................... General Merchandise Imports......................................... Freezone Imports.............................................................

Goods Procured in Ports................................................. TOTAL GOODS IMPORTS..........................................

Trade Balance.................................................................

b. IMPORTS (by End-Use)(a) Consumer Goods.....................................................(b) Raw Materials..........................................................(c) Capital Goods .........................................................General Merchandise Imports.................................(d) Freezone Imports.....................................................(e) Goods Procured in Ports........................................Total Goods Imported................................................

2,375.92 2,313.93 61.99 19/16

1,963.24 1,797.59 165.65 12/18

Jan-Dec 2010575.73128.73402.76

44.24 78 .94

463.1876.53

1,194.38 40.30

136.471,371.15

Jan-Dec 2011784.86

141.91 580.73

62 .16 75.51 4 92.38

86.101,438.85

39.19 188.05

1,666.09

Change209.13

13.18177.97

17.92-3.4329.20

9.57244.47

-1.1151.58

294.94

XI. STOCK MARKET ACTIVITIESIndex*................................................................................Volume T raded (mn.)**.........................................

Ordinary Shares................................................................Block Transactions............................................................

Feb 2012 90 ,869.40

169.95122.62

47.33

Mar 2012 91 ,369.00

95.5594.56

0.99

% Change5.59

-38.19-35.56-87.02

1,109.34 1,089.58 19.76 13/18

-53.31 -52.91 -68.12

805.99 75 .15 60 .81

1, 585.56 32.64

692.46 582.99 786.04 477.28 95.715,194.63 32.13 67.995,294.76

-3,923.61

938.40 77.48

63.22 2,441.82

58.60 909.58 647.06 939.69 470.51

68 .406,614.76

30.2179.38

6,724.35

-5,058.26

132.412.332.41

856.26 25.96 217.12

64.07153.65

-6.77-27.31

1,420.13-1.92

11.391,429.59

-1,134.65

XIII. REMITTANCE (US$mn) Net Remittances ..............................................................

Total Remittance Inflows ............................................ Remittance Companies............................................ Other Remittances....................................................

Total Remittance Outflows.........................................

Feb 2011 138.8

156.4 133.3 23.0 17.5

Jan 2012 126.3

149.7 126.1

23.6 23.4

Feb 2012 144.9

167.2 142.4

24.8 22.3

% Change 4.4

6.9 6.8 7.8 27.4

Mar 201186,532.02

154.59146.96

7.63

1, 758.21 2,982.23 454.20

5,194.63 32.13

67.99 5,294.76

1,820.63 4,280.56 513.57

6,614.76 30 .21

79.38 6,724.35

62.42 1,298.33 59.37

1,420.13 -1.92

11.39 1,429.59

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XV. BALANCE OF PAYMENTS (US$mn.) Balance of Payments (Calendar)

1. Current Account........................................................ A. Goods balance..................................................

Exports (f.o.b.)....................................................Imports (f.o.b.)....................................................

B. Service Balance.................................................Transportation..................................................Travel.................................................................Other Services.....................................................

C. Income..............................................................Compensation of Employees............................Investment Income..............................................

D. Current Transfers.............................................Official..............................................................Private...............................................................

2. Capital and Financial Account...............................A. Capital Account................................................

Capital Transfers.................................................Official..................................................Private...................................................

Acq./Disp. of non-produced non-fin. assets....

B. Financial Account............................................Other Official Investment..................................Other Private Investment....................................

(incl. errors & omissions)Reserves............................................................

Balance of Payments (Fiscal)1. Current Account.....................................................

A. Goods balance.................................................Exports (f .o.b.)............................................Imports ( f.o.b.)..............................................

B. Service Balance................................................Transportation...........................................Travel........................................................Other S ervices............................................

C. Income..............................................................Compensation of Employees...........................Investment Income...........................................

D. Current Transfers............................................Official......................................................Private.......................................................

Jan-Dec 2010

-934.0-3,259.41,368.04,627.4

810.0-429.7

1,808.8-569.1

-494.689.1

-583.7

2,010.0194.3

1,815.7

934.0-22.1-22.1

4.2-26.3

0.0

956.1967.7430.4

-442.0

Jan-Dec 2011

-2,064.9 -4,261.0 1,662.5 5,923.5

697.8 -553.8 1,833.2 -581.6

-548.2 48.7 -596.9

2,046.5 125.2 1,921.3

2,064.9 -1 .2 -1 .2 25.1

-26 .30.0

2,066.1 46.9 1,814.0

205.2

Change

-1,130.9 -1,001.6 294.5 1,296.1

-112.2 -124.2 24.4 -12.5

-53.6 -40.4 -13.2

36.5 -69.1 105.6

1,130.9 20.9 20.9 20.9 0.0 0.0

1,110.0 -920.8 1,383.6

Apr- Dec2010/2011

-901.6 -2,565.7

999.93,565.6

499.5 -348.3 1,25 7.4 -409.7

-376.5 85.6 -462.1

1,54 1.1 166.0 1,37 5.1

Apr - Dec 2011/2012

-1,734.5 -3,289.4

1,244.0 4,53 3.4

405.9 -4 45.21,271.6 -4 20.5

-401.5 45.7-447.2

1,55 0.5 89.91,460.6

Change -832.9 -723.7 244.1 967.8

-93.6 -96.9 14.2 -10.8

-25.0 -39.9 14.9

9.4 -76.1 85.5

XIV. TOURISM Tourists Arrivals ('000) ............................................... Stop Over .................................................................. Foreign Nationals ................................................. Non - Resident Jamaicans .................................... Cruise .......................................................................

Dec 2010 3 13.08

200.85 175.97 24.88

1 12.23

Dec 2011 351.27

197.71 174.24 23.47 153.56

% Change 12 .20

-1.56 -0.98 -5.67 36.83

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* Foreign Currency balances represent the US dollar equivalent of the value of total transactions in major international currencies 1/ 'A' Accounts are tax free Foreign Currency Accounts held by non-residents

XVI. BOJ NET INTERNATIONAL RESERVES(US$mn.)

BOJ Net International Reserves (US$mn.).................Gross Foreign Assets................................................Gross Foreign Liabilities.............................................

Estimated Gross Reserves in Weeks of Goods Imports......................................................................

Estimated Gross Reserves in Weeks of Goods and Services Imports............................................................

XVII. FOREIGN EXCHANGE DEVELOPMENTS (US$mn.) * Combined Foreign Exchange Trading

Foreign Exchange Purchases (spot)........................ Foreign Exchange Sales (spot).................................

Foreign Currency Deposit Balances ofAuthorised Dealers (US$mn.)

Commercial Banks Balances.........................................."A" Accounts 1/...........................................................

"B" Accounts ............................................................. Other..............................................................................

F.I.As Balance.................................................................."A" Accounts 1/........................................................."B" Accounts .............................................................

Other..............................................................................

Building Societies Balances........................................."A" Accounts 1/........................................................"B" Accounts .............................................................

Other ...........................................................................

Total Foreign Currency Deposits (US$mn.)..............

Total Foreign Currency Loans (US$mn.).................Commercial Banks..................................................F.I.As ........................................................................Building Societies..................................................

Mar 2011

2,553.163,434.68

881.52

37.19

26.74

Mar 2011

1,014.071,013.28

Mar 2011

1,691.47118.36

0.151,572.96

63.4324.18

0.0039.25

533.31241.74

63.69227.88

2,288.21

1,355.311,240.58

32.4982.24

Mar 2012

1,777.132,638.93

861.80

23.23

17.54

Mar 2012

1,004.37998.68

Mar 2012

1,813.20111.60

0.161,701.44

43.4516.91

0.0026.54

552.70252.70

64.77235.23

2,409.35

1,362.291,247.23

30.5884.48

-0.96-1.44

7.20-5.716.678.17

-31.50-30.07

0.00-32.38

3.644.531.703.23

5.29

0.520.54

-5.882.72

Feb 2012

1,874.652,740.20

865.55

24.43

18.43

Feb 2012

840.24866.14

Feb 2012

1,784.64113.99

0.161,670.49

43.6916.71

0.0026.98

550.88251.28

64.59235.01

2,379.21

1,344.351,227.29

30.7086.36

2. Capital and Financial Account.........................................A. Capital Account.......................................................

Capital Transfers......................................................Official............................................................Private..............................................................

Acq./Disp. of non-produced non-fin. assets

B. Financial Account................................................... Other Official Investment.................................... Other Private Investment.....................................

(incl. errors & omissions)Reserves...............................................................

Apr-Dec 2010/2011

901.6 -18.9 -18.9 0.2

-19.2 0.0

920.5 497.0 843.0

-419.5

Apr-Dec 2011/2012

1,73 4.5 1.3 1.3 20.5

-19.2 0.0

1,733.1 -22.1 1,168.2

587.0

Change 832.9

20.2 20.2 20.3 0.0 0.0

812.6 -519.1 325.2

Balance of Payments (Fiscal) (Cont'd)

Page 11: VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18 Mar 2012 35.26 2.78 12.39 0.29 19.80 26.00 Mar 2012 2.25-6.40 2.00-6.75 2.00-6.75

8

London Interbank Offer Rate (LIBOR) Eurodollars (%) 3 months.................................................................. 6 months..................................................................

Selling Exchange Rates (end period) US$1.00 = J$............................................................. Can. $1.00 = J$......................................................... U.K. Pound = J$....................................................... Euro = J$*................................................................

Caricom Selling Exchange Rates* T.T. $1 = J$............................................................... Bdos. $1 = J$............................................................ Guy. $1 = J$.............................................................. E.C. $1 = J$...............................................................

Mar 20111.181.49

Mar 201185.7588.14

137.28 120.88

13.35 42 .88

0.43 31.76

Mar 20120.681.02

Mar 201287.3087.65

139.28 115.88

13.60 43 .64

0.43 32.32

Feb 20120.901.25

Feb 201287.0687.69

138.58 116.82

13.64 43 .51

0.4332.23

* Indicative Rates

Page 12: VOLUME 22 - NO. 2 MARCH 2012 · 3 Mar 2012 16,409.37 3,632.45 1,404.91 11,372.01 Mar 2012 194.18 Mar 2012 35.26 2.78 12.39 0.29 19.80 26.00 Mar 2012 2.25-6.40 2.00-6.75 2.00-6.75

9

Figure 7 Figure 8

Figure 9

BALANCE OF PAYMENTS

Current Account (Jan - Nov 2011) BOP Sub-Accounts (Jan - Nov 2011)

Current Account/GDP 2010