Drop in foreign exchange slashes prices of imported goods — stakeholder

(File photo: Jordan News)
AMMAN — Financial and banking sector representative at the Jordan Chamber of Commerce (JCC) Firas Sultan said that the drop in the exchange rate of European currencies will “positively” affect the cost of imported goods, according to the Jordan News Agency, Petra.اضافة اعلان

In a statement Wednesday, he said the activity at the local exchange market is “stable, within its normal levels at this time of the year”, whether in terms of outgoing or incoming remittances.

Jordan’s financial and banking sector constitutes 50 percent of the national economy, and operates 320 companies, which includes banks, exchange agencies, financial leasing entities, stock market brokers, and insurance firms, he pointed out.

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