Jordanian Central Bank Reduces Reserve Requirements At Local Banks
The Central Bank of Jordan (CBJ) on 7 November announced a reduction in compulsory reserve requirements for deposits and savings accounts at commercial banks from 10% to 8%. The new rate starts on 1 January 2001 and is expected to release JD160mn ($225mn) in loanable funds, according to the CBJ. The Central Banks decision, which follows two previous drops in reserve requirements (from 14%...
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