AMMAN — The
governor of the
Central Bank of Jordan (CBJ), Adel Sharkas, has said that he
expected that the inflation rate in the Kingdom will reach 3.8 percent at the
end of this year, Al-Ghad News reported.
اضافة اعلان
Sharkas confirmed
in a statement to the
Amman Chamber of Commerce on Tuesday that inflation rate
in the Kingdom remains within reasonable limits, despite the global
inflationary wave, indicating that the inflation rate in the Kingdom did not
exceed 2.6 percent during the first three months of this year.
He said that
maintaining monetary stability is the CBJ’s priority, noting that the deposits
of the private sector, from individuals and companies, exceeded JD40 billion.
Sharkas said the
CBJ has a high balance of foreign reserves, approximately $18 billion, and it
is sufficient to cover the Kingdom’s imports of goods and services for a period
of more than nine months, which is more than three times the internationally
recognized standard.
He called on the
Amman Chamber of Commerce to present a study, complete with perceptions and
clear demands and supported by figures to explain the concerns of the
commercial sector, adding that the central bank does not deal directly with
individuals or companies.
For his part,
Chairman of the Amman Chamber of Commerce
Khalil Haj Tawfiq stressed that the
CBJ is a safety valve for the national economy.
He outlined the
reality of the local market and the challenges facing the commercial and
service sectors represented by the lack of liquidity, the state of economic
stagnation and the decline in purchasing power.
He called for
raising the ceiling of financing granted to traders of basic materials to more
than JD1 million, so that they can import additional quantities of goods, and
to ensure that the local stock is not affected.
In turn, the members of the
chamber’s board of directors stressed the necessity of postponing loan
installments for some sectors that are still affected by the repercussions of
the pandemic, with the aim of overcoming the financial challenges faced by
merchants, in addition to providing liquidity to the commercial sector and
financing windows with reduced interests.
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