Arab Today, arab today cbj governor monetary position is soundstable
Last Updated : GMT 13:01:46
Arab Today, arab today
Arab Today, arab today

CBJ Governor: Monetary Position is Sound & Stable

Arab Today, arab today

Arab Today, arab today CBJ Governor: Monetary Position is Sound & Stable

Amman - Qna

Despite the hardships that face the national economy such as the rise in budget deficit and the current account as well as weak economic growth, the national economy is able to face challenges due to the sound economic policies adopted by the Kingdom, Central Bank of Jordan (CBJ) Governor Sharif Faris Sharaf said. He stressed in an interview with Petra that the CBJ will continue linking the Jordanian Dinar to the US Dollar and fix the exchange rate which has proved to be successful over the years as it conforms with national economic policies and enhances financial and monetary stability. The CBJ governor expected the national economy to grow by 3.3% this year in light of results that have been achieved by economic sectors and resulted in a 2.3% growth in the first quarter of this year. On the drop in foreign reserves due to the decline in remittances from Jordanians working abroad as well as tourism revenues, Sharaf said the value of foreign reserves is very satisfactory despite the current conditions in the Kingdom, adding that reserves are enough to cover imports for 7 months. \"Linking the Jordanian Dinar to the US Dollar has actively served the Jordanian economy,\" he said, adding this policy contributed to enhancing monetary stability through maintaining a low inflation rate and increasing competitiveness of national exports which achieved a high growth over the past years. \"This policy also boosted confidence in the Jordanian economy and Dinar, a fact which enabled the CBJ to increase its foreign reserves which reached record levels, the governor added. Foreign reserves currently stand at $11.9 billion and are sufficient to cover the Kingdom\'\'s imports for almost 7 months. National exports also grew to unprecedented levels that reached 12.1 % in average over the past 5 years.  

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cbj governor monetary position is soundstable Arab Today, arab today cbj governor monetary position is soundstable

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today cbj governor monetary position is soundstable Arab Today, arab today cbj governor monetary position is soundstable

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Saudi witnessing a remarkable growth

GMT 09:57 2017 Saturday ,23 September

Saudi witnessing a remarkable growth
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today US-made bomb used in fatal strike

GMT 10:16 2017 Saturday ,23 September

US-made bomb used in fatal strike
Arab Today, arab today Saudi Arabia to unblock internet calling apps

GMT 11:31 2017 Wednesday ,20 September

Saudi Arabia to unblock internet calling apps
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today All eyes on May as she prepares

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares
Arab Today, arab today Puerto Rico, Virgin Islands brace

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Mercedes pumps 1 bln euros    

GMT 06:04 2017 Friday ,22 September

Mercedes pumps 1 bln euros    
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today France hopeful of persuading Trump

GMT 06:21 2017 Wednesday ,20 September

France hopeful of persuading Trump

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 18:09 2017 Thursday ,21 September

China lifts 10-year travel ban

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 19:18 2017 Monday ,18 September

5,000 'Dieselgate' deaths in Europe per year

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:03 2017 Thursday ,21 September

Alarm over flesh-eating ulcer cases

GMT 11:29 2017 Thursday ,21 September

Lufthansa chief eyes up to 78

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday