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CBJ’s policy helped Jordan avert economic risks — Fariz

By JT - Nov 20,2016 - Last updated at Nov 20,2016

AMMAN — Central Bank of Jordan (CBJ) Governor Ziad Fariz on Sunday said Jordan has been able to avoid many economic risks, thanks to the CBJ's monetary policy. Fariz made the remark during a meeting with a delegation from the Amman Group for Future Dialogues, the Jordan News Agency, Petra, reported.

Highlighting the financial tools that the CBJ uses to serve its client base, he cited the CBJ’s bill payment and other banking services. The CBJ policy led to further saving by the Jordanian currency compared to those by foreign currencies, he said, adding that the CBJ’s foreign currency reserves currently stands at $13.1 billion. This is sufficient to cover the Kingdom’s imports of goods and services for three to seven months, he told the delegates.

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