Sunday, 26 May 2019 03:10 GMT
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Jordan's central bank steps up efforts to shield economy




(MENAFN) Governor of the Central Bank of Jordan (CBJ) Ziad Fariz announced the alteration of the interest rate with an aim to shield the national economy from issues generating through instability.

Looking to reduce costs and preserve monetary as well as financial stability, the Jordanian central bank will be imposing more measures.

CBJ, according to the governor, is reviewing the national economic indicators when making decisions alongside other regional and global indicators.

Fariz added "the CBJ currently enjoys a high level of foreign reserves that exceeds $13 billion, which is enough to cover the Kingdom's imports of goods and services for 7.2 months and is double the internationally accredited requirement of three months."

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Jordan's central bank steps up efforts to shield economy

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