image description
image description
Tell A Friend

FinancialNews


  • 16-03-20

    Jordan's central bank to lower compulsory reserves that banks hold

    (MENAFN) The required reserves that banks hold to inject liquidity available on the markets will be cut, according to Jordan's central bank.


    The reserve lower will be from 7 to 5 percent, as said by the central bank governor Ziad Fariz.


    He also said that, the actions will allow the banks to cut the interest rates on facilities given to institutions and individuals.


    The foreign currency reserve is steady and reaches USD14 billion, which is enough to cover Jordan's imports for over 7 months.

    MENAFN1603202000450000ID1099859785

Follow us

RSS
Terms & Conditions  |  Privacy & Security  |  Contact Us  | Sitemap
© 2024 BBK  |  All Rights Reserved