AMMAN — The total deposits in local banks during the first 11 months of 2021 grew by JD2.23 billion, compared to the
same period in 2020, Al-Ghad News reported citing statistics issued by the
Central Bank of Jordan (CBJ).
اضافة اعلان
The value of
total deposits at the end of the first 11 months of 2021 amounted to JD39
billion, while they stood at JD36.7 billion in the corresponding period of
2020, registering a 6 percent increase.
As for the
private sector, deposits during the first 11 months of 2021 amounted to about
JD36.36 billion, compared to JD34 billion at the end of 2020, marking 6.8
percent increase. Private sector deposits make up 93.1 percent of the total
deposits.
The CBJ’s
policy of allowing large interest rate differentials in favor of the Jordanian
dinar encourages banks and depositors to keep funds in the form of assets
dominated by the dinar, as one of the main pillars of monetary policy is the
defense of the dinar.
Public sector deposits declined to JD2.66 billion in the first 11 months of 2021,
compared to JD2.75 billion at the end of 2020, marking a 3.1 percent decrease, and
6.8 percent of the total deposits.
Central
government deposits (within the public sector) grew by 4 percent, to JD982
million.
Jordanian
expatriates who receive their income in hard currency convert part of their
savings into dinars due to interest rates that may reach 5 percent, depending
on the amount.
Read more Business
.jpg)
.jpg)
