AMMAN – The Governor of the
Central Bank of Jordan, Adel Sharkas,
confirmed that the Kingdom has a comfortable level of foreign currency
reserves, amounting to $17.4 billion, covering 7.6 months of the country's
imports of goods and services, according to Al-Mamlaka.
اضافة اعلان
He stated in a press release that having comfortable levels
of foreign reserves enables the Kingdom to influence exchange rates, provide a
stable economic environment, enhance the confidence of foreign creditors and
investors in the national economy, and reaffirm the Kingdom's ability to meet
its external financial obligations.
The increase in foreign reserves is a positive indicator of
Jordan's financial and economic stability.
The growth of Jordan's exports during the current year,
along with increased tourism activity in the Kingdom, rising remittances from
expatriates, and increased foreign direct investment inflows, all contributed
to the growth of foreign currency reserves.
Jordan's central bank data shows a 15.3% increase in the
country's exports of goods and services, reaching nearly $11 billion during the
first half of the current year. This contributed to a 35.4% decrease in the
trade deficit during the same period.
Worker remittances also saw an increase during the first
eight months of the current year, reaching $2.254 billion. Additionally, the
total inflow of foreign direct investment into the Kingdom during the first
half of the current year increased to around $776 million, representing a 20.9%
rise compared to the corresponding period in 2022.
The increase in tourism income has played an important role
in raising the level of reserves, increasing by 37.7% during the past nine
months, reaching $5.819 billion.
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