JD 1.85 billion excess reserves at CBJ
Amman - Petra
Excess reserves at the Central Bank of Jordan (CBJ) stood at JD 1.85 billion on Thursday while the volume of required reserves during this week stood at JD1.10 billion,the CBJ added. CBJ excess reserves come from the surplus funds of banks needed to finance their operations, where the central bank pays 2 percent annual interest limited to commercial banks, while Islamic banks are not included. The amount JD50 million is the value of T.Bonds issue number 23/2009 and will be matured December 17, 2012. the bank added.
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