Financial and Banking News
Jordan Reaches Debt Repayment Agreement with Russia
Jordan has reached an agreement with Russia on the repayment of debts owingto the Soviet Union. Press reports put the total debt at $750mn, most of whichis to be repaid through exports of consumer goods. The remainder will be paid incash. Statistics published by the Central Bank of Jordan give a figure ofJD384.9mn ($579mn) for debt owed to the USSR at the end of 1990.