VOL. XXXII
NO. 2
17-OCTOBER-1988
Financial and Banking News
REGIONAL BANKING
JD Expected to Drop after Float
The Central Bank of Jordan last week informed banks that as of 15 October theJordanian Dinar (JD) will be allowed to float. Previously the JD's value hasbeen set periodically by the Central Bank, although a free market rate at whichmoneychangers will deal in the local currency has diverged from the officialrates in recent months. After attempting first to impose tougher controls on the...
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