Strong demand for dinar by exchange firms
The representative of the financial and banking sector in the Jordan Chamber of Commerce stated that there is strong demand for the Jordanian dinar among local currency exchange companies, due to increased economic activity within the kingdom, particularly exports and remittances from expatriates. Remittances from Jordanians working abroad have risen by 13.3% to reach $1.6 billion in the first quarter of the year. Additionally, foreign reserves have increased to $27.2 billion by the end of May, with expectations of heightened activity in the currency exchange market as expatriates and tourists from the Gulf return.
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