BOJ projects $84 billion will be in circulation for Christmas

The Bank of Jamaica is projecting that about $84 billion will be in circulation this Christmas. 

This will be about 12 per cent more than last year's figure.

According to the BOJ, the increased demand is due to the stronger call for cash for holiday spending.

Financial institutions also typically request more currency from BOJ to satisfy this demand.

The BOJ says the projected $84 billion currency stock for this month is roughly $12.3 billion or 17 per cent more than the amount in circulation at the end of November.