VOL. XXXII
NO. 3
24-OCTOBER-1988
Financial and Banking News
BUDGETS AND REVENUES
Jordan Introduces Austerity Measures as JD Slumps
The Jordanian Government last week announced a set of austerity measuresaimed at conserving foreign exchange and cutting the budget deficit as theJordanian Dinar (JD) slumped in value after it was floated on 15 October. PrimeMinister Zaid Al-Rifa'i declared last week that subsidies on wheat, rice, meatand sugar will be maintained, but that the government will stop...
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