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AMMAN — The Kingdom’s foreign reserves rose to $27.051 billion by the end of April, reflecting the "resilience" of Jordan’s monetary position and the economy’s continued ability to maintain financial and monetary stability.
Data showed that the Central Bank of Jordan (CBJ) gold holdings increased to around $11 billion, with total reserves reaching 2.397 million ounces, supported by the global rise in gold prices and the growing role of gold as a key safe-haven asset, according to the Jordan News Agency, Petra.
The elevated level of foreign reserves strengthens CBJ’s capacity to support the stability of the Jordanian dinar exchange rate, ensure adequate import coverage, and bolster confidence in the national economy and banking sector.
The increase in gold holdings also reflects the CBJ’s strategy of diversifying reserve assets and reinforcing safe-haven instruments amid ongoing global economic volatility and heightened uncertainty in international markets.
Foreign reserves are widely considered a key indicator of economic strength and resilience, reflecting the economy’s ability to withstand external shocks, particularly amid global challenges including fluctuating interest rates, geopolitical tensions, and slowing growth in major economies.
