VOL. XXXIII
NO. 9
4-DECEMBER-1989
Financial and Banking News
Aid Flows
Jordan Gets Subsidized AMF Deposit from Gulf States
Five Gulf states have agreed to deposit $300mn with the Arab Monetary Fund (AMF)in Abu Dhabi for the account of Jordan against equivalent JD-denominateddeposits opened in their favor with the Central Bank of Jordan. Jordan will paythe depositors - Saudi Arabia, Kuwait, the UAE, Oman and Qatar - at commercialrates of interest less a two percent margin, which represents a...
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