Foreign currency reserves up by 13%

(File photo: Jordan News)
AMMAN — Foreign currency reserves, including gold and special drawing rights, increased by 8 percent in the first half of this year, compared with the same period in 2021, according to data by the Central Bank of Jordan (CBJ), Khaberni reported.اضافة اعلان

The value of reserve amounted to about $16.778 billion in this period, which is equivalent to JD11.895 billion, compared with approximately $15.529 billion, or JD11.010 billion in the same period last year.

But it decreased by about $891 million, reaching $17.668 billion, or JD12.527 billion at the end of May.

Meanwhile, the value of gold reserves at the CBJ increased by 13 percent, to JD2.828 billion, according to the data.

CBJ figures showed that the foreign currency reserves cover the Kingdom’s imports for a period of up to 8.7 months, compared with 8.3 months, as recorded in the first half of last year.

Read more Business
Jordan News