The Central Bank of Jordan revealed an increase in its foreign currency reserves at the end of February, by one percent on a monthly basis. These precautions give the government an outlet in order to face the various challenges facing the implementation of reforms, especially as they have become sufficient to cover more than nine months of import operations.
According to the central monthly report, the reserve assets, which include foreign currencies, gold, bonds and bills, at the end of last month amounted to more than 14.7 billion dinars ($20.8 billion). Whereas, in January, the reserve assets amounted to about 14.6 billion dinars ($20.5 billion).
On an annual basis, reserve assets increased by 14 percent, from one billion dinars (1.8 billion dollars) during the same month last year.
Jordan's foreign reserves, which began to be negatively affected since 2016, depend on important factors, including remittances from expatriates, revenues from tourism activity and foreign investments, in addition to foreign aid.
The source (Al-Arab Newspaper of London, Edited)
