Jordan Boosts Foreign Reserves despite Economic Difficulties

  • Amman, Hashemite Kingdom of Jordan
  • 7 February 2024
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Jordan's foreign currency reserves have reached record levels of more than $18 billion, according to the latest data issued by the Central Bank of Jordan.

The Jordanian government is seeking to boost foreign exchange reserves despite suffering numerous economic difficulties due to unrest in the region. In this context, the Governor of the Central Bank of Jordan revealed that the foreign currency reserves reached about $ 18.2 billion, while the dollarization rate reached about 18 percent, which is the lowest historically, while the volume of deposits with local banks reached about 43.3 billion dinars. The volume of credit facilities increased by one billion dinars to reach during the 11 months of last year about 33.3 billion dinars.

Source (Al-Araby Al-Jadeed Newspaper, Edited)

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