Jordan's Foreign Reserves Fell 9.23 percent

  • Amman, Hashemite Kingdom of Jordan
  • 27 December 2018

Central Bank of Jordan (CBJ) reported that the country's foreign exchange reserves declined by 9.23% during the first eleven months of this year, reaching 11.047 billion dinars (15.576 billion of dollars) in November against 12.171 billion dinars (17.161 billion of dollars) in the same month of the previous year.

Reserve assets fell 0.7 percent monthly to hit 11.047 billion dinars ($ 15.576 billion) in November 2018, from 11.132 billion dinars ($ 15.696 billion) a month earlier.

An aid package for Jordan totaling $2.5 billion has been agreed between the country and UAE, Saudi Arabia and Kuwait at a Summit in Mecca. UAE and Saudi Arabia deposited an amount worth $660 million in October, and the Kuwaiti aids of $500 million were granted in September.

Source: (Al-Arabi Al-Jadeed Newspaper, Edited)

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