Weather pdfNewspaper
Jordan Weather
☰ Mobile Logo
Download Our App

CBJ's foreign currency reserve stands at $14 billion

By JT | 23:51 August 6, 2019 |
Share Story

AMMAN — Foreign currency reserve at the Central Bank of Jordan (CBJ) stands at $14 billion, which is enough to cover the Kingdom’s imports for more than eight months, CBJ Governor Ziad Fariz said on Tuesday. 

Participating in the first session of the seventh conference for Jordanian businesspeople and investors abroad, Fariz said that the Kingdom’s banking system is “solid and sound” and enjoys high potential and preparedness to provide finances necessary for the activities of the private sector, the Jordan News Agency, Petra, reported. 

The fixed exchange rate system that CBJ has been “successfully” adopting since 1995 forms the main pillar of the monetary policy and is among the most important elements of the monetary and financial stability and confidence in the national economy, the governor said. 

He also noted that the CBJ provides finance tools with a total amount of JD1.2 billion for investors to receive funds in various sectors, mainly the industrial, tourism, renewable energy, agriculture and ICT sectors. 

Fariz expected the national economy to achieve growth rates that are higher than expectations, projecting that it would reach 2.5 per cent in light of the recovery of several economic indicators, according to Petra.

.col-lg-12.second .opinion-widget{border-top:1px solid #D0D0D0;} #widget_1623 .opinions-title {font-size:32px;} #widget_1623 .opinions-title a{font-size:32px;} .first-author{ background-color:#ecedef; } .first-opinion-author-name{ background-color:white; width:max-content; padding:5px; }

{{articles_filter_1623_widget.title}}

Opinion Author
{{ articles_filter_1623[0]?.author_name }}

{{ articles_filter_1623[0]?.title }}
Opinion Author
{{ articles_filter_1623[1]?.author_name }}

{{ articles_filter_1623[1]?.title }}
.epaper-separator{ height: 1px; width: 100%; background-color: #D0D0D0; margin: 15px 0; }

Today’s Paper

Today's Paper
.related-articles .article-widget-sm .article-title{font-size:16px;-webkit-line-clamp:3;} .related-articles .layout-ratio{padding-bottom:55%;}
Related Articles
.alert-success { color :#A3656F ; } .alert-danger { color : red ; } .footer { font-family:Myriad Pro,Arial; } .newspaper-footer{ visibility:hidden; } .socialFixOuter { position: fixed; top: 50%; margin-top: 40px; right: 0; transition: .2s; z-index: 20; height: 217px; width: 40px; } .socialFix { height: 30px; width: 30px; display: block; position: relative; cursor: pointer; background-size: 18px 18px; transition: .2s; background-position: center; background-repeat: no-repeat; border-radius: 2px; margin-top: 1px; } .socialFix:hover { width: 40px; margin-left: -10px; } .app-badge-img { height: 36px; width: auto; } @media (max-width: 768px) { .app-badge-img { height: 32px; } .app-badges { justify-content: center !important; } }
The Jordan Times Logo
Get it on Google Play Download on the App Store
Get it on Google Play Download on the App Store

The Jordan Times is an independent English-language daily published by the Jordan Press Foundation since October 26, 1975. The Jordan Press Foundation is a shareholding company listed on the Amman Stock Exchange.

Join Our Newsletters

Sign up by email to receive news.

Camera Icon Read Today's Newspaper

Copyright © 2025 The Jordan Times. All Rights Reserved.

document.addEventListener("DOMContentLoaded", function () { const socialFix = document.querySelector(".socialFixOuter"); if (!socialFix) return; let firstInteraction = false; let hideTimeout = null; function checkMobileScreen() { if (window.innerWidth < 768) { socialFix.style.display = "none"; } else { socialFix.style.display = "block"; } } checkMobileScreen(); window.addEventListener("resize", checkMobileScreen); function handleFirstInteraction() { if (firstInteraction) return; if (window.innerWidth < 768) return; firstInteraction = true; socialFix.style.right = "-25px"; } socialFix.addEventListener("mouseenter", function () { if (window.innerWidth < 768) return; if (hideTimeout) clearTimeout(hideTimeout); socialFix.style.right = "0"; }); socialFix.addEventListener("mouseleave", function () { if (window.innerWidth < 768) return; if (hideTimeout) clearTimeout(hideTimeout); hideTimeout = setTimeout(() => { socialFix.style.right = "-25px"; }, 500); }); ["click", "touchstart"].forEach((evt) => { socialFix.addEventListener(evt, handleFirstInteraction); }); }); function validateEmail(email) { if (email.length > 255) return false; const emailRegex = /^[a-zA-Z0-9._%+-]+@[a-zA-Z0-9.-]+\.[a-zA-Z]{2,}$/; if (!emailRegex.test(email)) return false; if (email.includes('..') || email.startsWith('.') || email.endsWith('.')) return false; return true; } function sanitizeInput(input) { input = input.replace(/<[^>]*>/g, ''); input = input.replace(/javascript:/gi, ''); input = input.replace(/on\w+\s*=/gi, ''); input = input.replace(/[<>"'&(){}[\]]/g, ''); return input.trim(); } document.addEventListener('DOMContentLoaded', function () { function showModal(message, type) { const messageContainer = document.getElementById("messageContainerFooter"); messageContainer.textContent = message; messageContainer.className = `alert alert-${type} mt-3`; messageContainer.classList.remove("d-none"); setTimeout(() => { messageContainer.classList.add("d-none"); }, 5000); } document.getElementById("emailFormFooter").addEventListener("submit", function(event) { event.preventDefault(); const emailInput = document.getElementById("emailFooter"); const email = sanitizeInput(emailInput.value.trim()); if (!validateEmail(email)) { showModal('Invalid email format', 'danger'); return; } const formData = new FormData(); formData.append('email', email); fetch('/subscribeNewsletter', { method: "POST", body: formData, headers: { "Accept": "application/json", "X-Requested-With": "XMLHttpRequest" } }) .then(response => { if (!response.ok) { showModal("Error submitting email. Try again.", 'danger'); } return response.json(); }) .then(data => { showModal(data.message, 'success'); }) .catch(error => { showModal("Error submitting email. Try again.", 'danger'); }); }); });