✉news BusinessBanking first seen 5 h ago, last 1 h ago, peak #8
Jordan's foreign reserves rise to $28.5 billion
Original: ZAWYA: Foreign reserves at Central Bank of Jordan rise to $28.5bln
The Central Bank of Jordan's foreign currency reserves have risen to $28.5 billion, according to a report carried by Zawya. The figure marks an increase in the country's external buffers, which the bank uses to support the Jordanian dinar's peg to the US dollar. Reserves of this size are closely watched by investors and analysts as a gauge of Jordan's financial stability and ability to meet external obligations amid regional economic pressures.
Why now: Investors and analysts track reserve levels as a key indicator of Jordan's economic stability and the durability of its dollar peg.
Central Bank of JordanJordanZawya
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