Financial and Banking News
BUDGETS AND REVENUES
Jordan Introduces Two-Tier Exchange Rate
In an attempt to halt the erosion in the value of the Jordanian dinar, theCentral Bank of Jordan on 31 July introduced a dual exchange rate system underwhich an official rate will be used for imports of subsidized foodstuffs, othervital goods, and the fees of Jordanian students overseas, while thefree-market rate will be used for imports of non-essential goods. The newmeasures,...