Sharkas says CBJ initiatives improve Jordan’s ranking in financial indexes

AMMAN — Central Bank of Jordan (CBJ) Deputy Governor Adel Sharkas on Sunday headed a session at the 2018 Arab banking conference, which was held in Cairo by the Union of Arab Banks.

Sharkas, in a session on the role of central banks in supporting the digital transformation and addressing the new monitoring and organisational challenges, stressed that Jordan, through the CBJ, has launched several initiatives that support financial technologies and provided the necessary legal and technical facilities.

He noted that CBJ launched a strategy on financial inclusion, which contributed to improving Jordan’s rank on the international financial inclusion index, recently launched by the World Bank, to 42.5 per cent in 2017, compared with 24.6 per cent in 2016, the Jordan News Agency, Petra, reported.