Jordan’s currency is pegged to the dollar and the kingdom follows Fed moves almost unfailingly
PHOTO
AMMAN - The Central Bank of Jordan on Thursday raised its main interest rates by 25 basis points following the U.S. Federal Reserve's latest hike, the bank said in a statement.
Jordan’s currency is pegged to the dollar and the kingdom follows Fed moves almost unfailingly.
The move aimed to maintain the attractiveness of dinar dominated assets, a central bank official said.
(Reporting by Suleiman Al-Khalidi; Editing by Jon Boyle)
Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.
© ZAWYA 2024
