No. 7



Jordan Pegs Dinar To US Dollar

The Governor of the Central Bank of Jordan, Dr. Muhammad Said al-Nabulsi, has said that the decision to peg the exchange rate of the Jordanian Dinar to the US Dollar was taken in order to quell fears and end rumors that the dinar would be devalued. Dr. Nabulsi told Asharq al-Awsat of 5 November that this step "was taken to reassure those dealing in dinars and to allow them to take advantage of the interest rate...