Financial and Banking News
BUDGET AND REVENUES
Jordan's Current Account Deficit Soars in 1987
According to figures published by the Central Bank of Jordan, the balanceof payments recorded a current account deficit of JD118.4mn ($321.7mn) in 1987,up 640t from JD16mn ($43.5mn) in l986. The deficit, which was the largest since1983, was bridged by net external borrowing of JD76mn ($206.5mn) and a draw downof foreign reserves of JD36.6mn ($99.5mn), leaving a small...