The reserve assets of the Central Bank of Jordan recorded a drop of 6 percent by the end of last October, compared to the previous month.
The Jordanian Central Bank revealed that reserve assets (currencies, gold, bonds and bills) had reached 13.064 billion dinars (18.28 billion dollars) by the end of October. While the value of reserve assets decreased from 13.872 billion dinars (19.46 billion dollars) until the end of last September.
On an annual basis, assets increased by 10.5 percent from 11.816 billion dinars (16.660 billion dollars) during the same month of 2019. While the value of reserve assets for Jordan was about 12.069 billion dinars (17.014 billion dollars) by the end of 2019.
According to the Central Bank, the reserve is sufficient for a period of more than 7 months of foreign exchange payments, and to meet the requirements of external payments and imports for more than 6 months.
The growth of foreign exchange reserves in Jordan has improved during the current year, despite the increasing economic and financial risks, globally, due to the outbreak of the Corona pandemic, which prompted most economies to hedge foreign exchange.
Source (Anatolia Agency, Edited)
