Local exchange houses have begun witnessing a significant surge in activity due to the growing influx of remittances from Jordanian expatriates abroad, coinciding with the Eid al-Fitr season, according to industry workers.
اضافة اعلان
Sector representatives noted that the growth in remittances is positively impacting the demand for the Jordanian Dinar (JOD), in addition to boosting commercial activity in local markets and stimulating domestic demand.
Experts expect the pace of expat remittances to accelerate in the coming days leading up to Eid. They also anticipate a rise in demand for the Dinar, bolstered by an expected increase in Gulf tourism to Jordan—especially as regional air traffic has largely come to a standstill due to regional tensions, making Jordan more accessible for Gulf tourists via land borders.
Statistical data from the Central Bank of Jordan indicates a 4.5% increase in total worker remittances to Jordan during 2025, reaching approximately 4.472 billion JOD.
Impact on Liquidity and Reserves
Firas Sultan, the representative of the financial and banking sector at the Jordan Chamber of Commerce, stated: "Local exchange houses are seeing notable activity in the flow of remittances from Jordanians abroad as Eid al-Fitr approaches."
Sultan emphasized that the improvement in remittances boosts the demand for the Dinar, helps inject liquidity into local markets, and revitalizes domestic demand. He also pointed out that this growth strengthens the Central Bank’s foreign currency reserves, which reached a record level of $28.2 billion by the end of last February.
Market Expectations
Abdelsalam Al-Saoudi, President of the Jordanian Exchange Association, expects the momentum of remittances and the demand for the Dinar to peak during the final days of Ramadan. He explained that the market is currently operating under the influence of the "Eid Season" dynamics.
In a related context, Al-Saoudi noted that demand for foreign currencies remains limited due to current regional conditions and their impact on outbound tourism for Jordanians.
Alaa Diranieh, an investor in the sector, agreed that remittances have risen and expects them to surge further over the next four days. He confirmed the high demand for the JOD resulting from these transfers, coupled with the onset of Gulf tourism activity.
Diranieh expects JOD demand to rise sharply as many Gulf tourists opt to enter the Kingdom via land borders, given the widespread suspension of flights in the region following the U.S.-Israeli war on Iran.
About the Sector:
The local exchange sector comprises approximately 250 companies and branches distributed across the Kingdom, employing around 4,000 Jordanian men and women.
