Figures of the Central Bank of Jordan (CBJ) showed that foreign exchange reserves grew by 7.3 percent in the first nine months of this year, compared with its level at the end of 2018. The value of foreign reserves was about $12.373 billion at the end of last September compared to about $11.523 billion at the end of 2018.
Jordan's foreign reserves have been adversely affected since the beginning of 2016 after slowing growth in remittances, tourism income, and foreign investment, which feed into Jordan's foreign exchange reserves.
According to the Central Bank of Jordan, the tourism income of Jordan increased by 9 percent during the first nine months of this year to $4.4 billion compared to the same period in 2018. It attributed the increase in tourism income to the increase in the number of overnight tourists by 7 percent since the beginning of the year until the end of last September, to 4.1 million tourists compared to the same period in 2018.
Source (Asharq Al-Awsat newspaper, Edited)
