No. 05



Jordans Central Bank Reduces Mandatory Reserve Requirements

The Central Bank of Jordan (CBJ) has reduced the compulsory reserves of banks by 2% from 14% to 12% in a bid to energize the economy. Dr Ziad Fariz, Governor of the CBJ, told the daily al-Rai on 20 January that he expects the increase in liquidity to encourage banks to reduce interest rates on lending. The change will be applicable to bank deposits in both Jordanian dinars and foreign currency,...