Remittances drop by 10-20% during Ramadan in Jordan

Local money exchange market to recover by the end of Ramadan

  
An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

An employee counts Jordanian dinars at the Jordan Dubai Islamic Bank head office in Amman July 8, 2010.

REUTERS/Ali Jarekji

AMMAN — President of the Jordanian Money Exchange Association Abdulsalam Al Saudi expected the local money exchange market to recover by the end of Ramadan, the holy month of fasting.

He said that remittances flow to and from the Kingdom dropped by 10 to 20 per cent during Ramadan in comparison with the same period in the past before the pandemic, the Jordan News Agency, Petra, reported.

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