Figures issued by the Central Bank of Jordan showed that foreign exchange reserves increased in the first seven months of this year by 16.1 percent, compared to their level at the end of 2019.
The value of the Kingdom's foreign exchange reserves at the end of July was about $ 14.13 billion, compared to about $ 12.17 billion at the end of 2019.
In its monthly bulletin on its website, the Central Bank attributed the rise in reserves to Jordan’s issuance of international bonds last July, worth $ 1.75 billion.
Jordan relies heavily on foreign aid to reduce the budget deficit and implement priority projects, especially in the sectors of health, education, water and various infrastructure.
In this context, the Jordanian Minister of Planning and International Cooperation, Wissam al-Rabadi, expected that the volume of foreign aid from grants and soft loans for the current year will reach about $ 3.5 billion, and part of it will be allocated to confront the burdens of the Corona crisis.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
