21 August 2011
AMMAN (JT) - Jordan's foreign currency reserves are quite comfortable as they are sufficient to cover foreign trade for around seven months, Central Bank of Jordan (CBJ) Governor Fares Sharaf said on Saturday. In an interview with the Jordan News Agency, Petra, Sharaf said the foreign reserves are at a comfortable level. Globally, the optimal level is to maintain international reserves equal to three months import coverage, he said, stressing efforts to overcome economic difficulties.
A drop in the country's foreign reserves has been reported recently. The economy's growth rate for this year is forecast to reach 3.3 per cent, the CBJ governor indicated. There has been a drop in tourism income, expat remittances and foreign investments in the first quarter of this year compared to those of 2010, he said.
AMMAN (JT) - Jordan's foreign currency reserves are quite comfortable as they are sufficient to cover foreign trade for around seven months, Central Bank of Jordan (CBJ) Governor Fares Sharaf said on Saturday. In an interview with the Jordan News Agency, Petra, Sharaf said the foreign reserves are at a comfortable level. Globally, the optimal level is to maintain international reserves equal to three months import coverage, he said, stressing efforts to overcome economic difficulties.
A drop in the country's foreign reserves has been reported recently. The economy's growth rate for this year is forecast to reach 3.3 per cent, the CBJ governor indicated. There has been a drop in tourism income, expat remittances and foreign investments in the first quarter of this year compared to those of 2010, he said.
© Jordan Times 2011
