In its session held on Wednesday, chaired by Prime Minister Dr. Jaafar Hassan, the Cabinet approved the Jordanian Central Bank's Board of Directors' proposal to raise the bank's capital to 100 million Jordanian dinars, up from the current 48 million dinars.
اضافة اعلان
The decision aims to strengthen the financial soundness of the bank's capital base, in line with its assets, which reached 19.3 billion dinars by the end of 2024. Of these, foreign assets amount to 16.8 billion dinars, making up 86.9% of total assets, after the Central Bank's foreign reserves reached $21 billion.
This adjustment will be made by transferring 52 million dinars from the general reserve account to the capital account, as per Article 8 of the Central Bank of Jordan Law No. 14 of 1971 and its amendments.
This is the fourth increase in the bank's capital, following previous increases in 1982 (from 2 million dinars to 6 million), 1993 (to 18 million), and 2013 (to 48 million).
Government Approves Transport Incentives and Support Fund
The Cabinet also approved the Ministry of Transport's proposal to provide incentives to operators in the transport sector by exempting 50% of licensing and permit fees for the year 2025.
This decision, which will save operators around 1.25 million dinars, applies to large and medium-sized public buses, taxis, and service cars working in areas under the jurisdiction of the Land Transport Regulatory Authority. It does not include the transport sectors regulated by the Greater Amman Municipality and the Aqaba Special Economic Zone Authority.
The Cabinet also decided to create a "Passenger Transport Support Fund," aimed at improving and enhancing public transport services. The fund will contribute to developing transport facilities, supporting workers in the sector, and investing in passenger transport services, while addressing any future emergencies in the sector.
The fund will also support the introduction of smart transport systems, modernize fleets, and provide grants and loans to operators.
The fund is expected to have a positive economic and social impact by encouraging citizens to use public transport, especially for targeted groups such as university students, people with disabilities, and the elderly. It will also create job opportunities in the transport sector, supporting the overall development of the industry and encouraging women to participate in the workforce.
Exemption for Vehicles Supporting Humanitarian Aid to Gaza
Furthermore, the Cabinet approved the exemption of 230 trucks and vehicles donated by the United Nations Office from all customs duties and sales taxes to support the humanitarian corridor to Gaza. This is part of Jordan’s ongoing efforts to assist Gaza’s residents and support Jordan's relief efforts in the region.
This decision follows a previous resolution exempting 270 trucks and vehicles, bringing the total to 500 vehicles (including cars and forklifts).
These vehicles will be registered under the Jordanian Hashemite Charitable Organization and operated by the Jordanian Armed Forces and the organization.
