In the first half of this year, foreign currency reserves in Jordan increased by 8%, compared to the same period in 2021.
According to data from the Central Bank of Jordan, the value of the reserves amounted to about 16.778 billion dollars in this period, compared to 15.529 billion dollars a year ago. However, it fell at the monthly level compared to the end of May by about 891 million dollars, as it was 17.668 billion dollars. At the same time, the value of gold reserves in the Central Bank increased by 13%, to reach 2.828 billion dinars, through 2.196 ounces, compared to the first half of last year, which amounted to 2.504 billion dinars, through 2.006 ounces.
According to figures issued by the Central Bank, the Kingdom's foreign exchange reserves are sufficient for an import period of 8.7 months, compared to 8.3 months in the first half of last year. On the other hand, the ratio of the total assets of licensed banks in Jordan to the gross domestic product amounted to about 192 percent, according to indicators of the financial depth of the banking sector for the year 2022.
Total deposits with licensed banks in the Kingdom amounted to 125 percent of GDP, while the total credit facilities granted by banks to GDP amounted to 95.7%.
Source (Al-Araby Al-Jadeed Newspaper, Edited)
