- FX reserves have increased to $14.5 billion at the end of July of this year from $14.3 billion at the end of June
- FX Reserves are currently at comfortable levels; covering above 7 months of imports according to estimates
- FX reserves are expected to continue growing in the following months as Jordan is expecting external funding from international sources
- FX reserves had dropped significantly in 2012 to uncomfortable low levels, but the Central Bank of Jordan took unconventional steps in 2013, including two domestic USD government bonds and USD/JOD swaps with local banks to rebuild buffers
- The increase in foreign reserves in 2014, is a result of higher confidence in the local currency, and major external funding through loans and grants
- In late June 2014, the Jordanian Government issued a Eurobond under the US government guarantee with the amount of USD 1 billion
- The high level of FX reserves is in line with Central Bank of Jordan monetary goals of decreasing interest rates and stimulating growth
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