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Jordan's forex reserves up 11 per cent in first seven months
Sep 4, 2008, 11:22 GMT
Amman- Jordan's reserves of hard currencies grew by 11 per cent in the first seven months of the year, the Central Bank of Jordan (CBJ) announced Thursday.
The country's forex reserves stood at the end of July at 7.25 billion dollars compared with 6.52 billion dollars a year earlier, the CBJ said.
It attributed the growth of foreign currency reserves mainly to an 11-per-cent jump in financial transfers of about 670,000 Jordanian expatriates working in Saudi Arabia and other oil-rich Gulf states.
The CBJ put the transfers of expatriates in the first seven months of the year at 1.2 billion dollars, compared with 2.4 billion dollars in 2007.
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