Farass Sultan, representative of the Finance and Banking Department in the Jordan Chamber of Commerce, said that the arrival of foreign reserves with the central bank of Jordan and that the historical conditions improve confidence in the national economy and ensure the ability to face difficulties.
The foreign reserves of Jordan’s central bank reached $ 22.02 billion until the end of March, importing the goods and services of the kingdom in 8 and a half months.
The foreign reserves of countries are known for the deposit and securities of foreign currency maintained by the central banks, and the US dollar is considered a global reserve currency, and includes deposits in the euros, pound sterling and Japanese yen, and contributes to supporting local currency prices and paying the country’s debts.
Today, in a statement, Sultan said in a statement that Sultan said in a statement that one of the most important economic indicators that revealed the strength of the country’s economy, its ability to meet and fulfill his duties, the achievement of the monetary policy and the ability to retain speed with local and global changes.
The influx of foreign currency reserves of the kingdom for unprecedented registration positions shows that the number of decisions and actions taken by the government is then carried out to support the business environment and to implement the view of economic modernization and perception.
This balance of foreign currencies supports trade activities in the local market and provides financial stability based on imports and export activities to the economic sectors, and sends the ability to continue to grow and achieve positive results for business owners and investors.
Sultan, the second vice president of the room, emphasized that retaining the appropriate reserves from foreign currencies, enhances the confidence in the currency policies he leads with the ability of Jordan’s Central Bank and improves the attractiveness of the national economy and the ability to meet the needs of the local market.
The Central Bank has ended up with the prudent policies it has implemented to create foreign currency reserves, which include long-term imports, which will invest in the kingdom and improve the business environment, and support the currency stability .- (Petra)
