Reserve assets of the Central Bank of Jordan decreased by 0.2 percent until the end of last November, compared to the previous month. According to the Central Bank of Jordan, reserve assets (currencies, gold, bonds and bills) amounted to 13.031 billion dinars (18.373 billion dollars) by the end of last month.
The value of reserve assets decreased from 13.064 billion dinars (19.232 billion dollars) until the end of October 2020. On an annual basis, assets rose 11.6 percent from 11.668 billion dinars ($ 16.451 billion) in the same month in 2019. 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's report, the reserve is sufficient for a period of more than 7 months of foreign exchange payments, and to meet the requirements of external payments, while covering the import bill for a little more than 6 months, as the foreign reserves in Jordan began to be negatively affected since the beginning of the year 2016, after the slowdown in growth in remittances, tourism income and foreign investment, which are the factors that feed the foreign currency reserves in the Kingdom.
Source (Anadolu Agency, Edited)
