BOJ cuts daily foreign exchange sale requirement for cambios and authorized dealers
January 29, 2017 Effective 7 February 2018, Bank of Jamaica will reduce the amount that authorised dealers (ADs) and cambios are required to sell to the central bank from their daily purchases of foreign exchange(FX). For both ADs and cambios, the amount required to be sold to the central bank will be reduced by 5.0 percentage points. This latest reduction therefore brings the total surrender requirement from ADs and cambios to 20 per cent and 15 per cent of daily gross purchases, respectively. The continued reduction in surrender requirements, in conjunction with the BOJ Foreign Exchange Intervention & Trading Tool
Board Appointments: Lasco Manufacturing Limited (LASM)
January 26,2018 Lasco Manufacturing Limited (LASM) has advised that Mr. Colin Maxwell has been appointed to the Board of Directors effective January 26, 2018.
Board Appointments: Lasco Distributors Limited (LASD)
January 26,2018 Lasco Distributors Limited (LASD) has advised that Mr. Colin Maxwell has been appointed to the Board of Directors effective January 26, 2018.