Amman, Feb. 9 (Petra) -- Excess reserves at the Central Bank of Jordan (CBJ) on Thursday stood at JD2.74 billion.
According to (CBJ), required reserves raised on Wednesday to JD1.19 billion, while excess reserves reached its highest levels last Sunday and stood at JD2.85 billion.
CBJ excess reserves come from the surplus funds of banks needed to finance their operations, where the central bank pays 2 percent annual interest limited to commercial banks, while Islamic banks are not included.
"No overnight repurchase agreement (repo) were held Wednesday at the bank," CBJ added.
© Jordan News Agency - Petra 2012
