The reserve assets of the Central Bank of Jordan increased by 0.1 percent at the end of last November, compared to the previous month.
The Central Bank of Jordan revealed that reserve assets (currencies, gold, bonds and bills) reached 13.992 billion dinars ($19.728 billion) at the end of November, compared to 13.976 billion dinars ($19.706 billion) at the end of the previous October.
On an annual basis, the Kingdom's reserve assets increased by 7.3% from 13.031 billion dinars ($18.24 billion) during the same month of 2020. While the value of Jordan's reserve assets amounted to about 13.198 billion dinars ($18.373 billion) by the end of 2020.
The reserves of the Central Bank of Jordan are sufficient for about 9 months of import, which is unprecedented and the highest in the history of the Kingdom. As the global ratios require coverage of 3 months, according to the International Monetary Fund, which was completed late last month, its third review of the economic reform program that was approved in 2019, and will continue to work for four years, accordingly, Jordan will be granted a new facility installment amounting to $400 million with soft interest.
Source (Anadolu Agency, Edited)
