NO. 20


Financial and Banking News

Budgets & Revenues

Jordan Unifies Exchange Rates

As part of the economic reform program agreed with the InternationalMonetary Fund (IMF), the Jordanian Government has committed itself to doing awaywith the two-tier exchange rate system which was imposed in August 1989. TheCentral Bank last week announced that as of 27 February, it will sell US dollarsfor JD0.675 and buy them for JD0.671, and that commercial banks will be subjectto a...