29 Mar 2013
(MENAFN) Jordan’s Cabinet agreed to increase the capital of the Kingdom’s central bank (CBJ) from USD25.3 million to USD67.7 million upon a recommendation from its Economic Development Committee, reported Arabian Business.
At the end of January, CBJ’s foreign currency reserves stand now at a comfortable USD7.5 billion, which is sufficient for 4 months imports.
It’s worth noting that in the past two years, Jordan’s financial position suffered by regional revolutions. Specially, Egypt’s uprising that ended gas supplies to the Kingdom, which caused the country’s public debt to soar.
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