VOL. XLIII
No. 31
30-July-2000
JORDAN
Jordan Cuts Reserve Requirements On Bank Deposits
The Central Bank of Jordan (CBJ) on 9 July announced plans to reduce the compulsory reserve requirement on bank deposits by two percentage points to 10.0% to help stimulate the economy. According to the CBJ, the decision will apply to both foreign and local currency deposits with effect from 1 August. "The reduction will allow banks more available funds for lending at lower costs," Ziyad Fariz, the Governor of...
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