No. 31



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...