Adel Al-Shurkis Named Central Bank Governor
The Council of Ministers has decided to renew Dr. Adel Sharqs's appointment as Governor of the Central Bank of Jordan for an additional five-year term. This decision comes in response to the successes achieved by the bank during his first term, which contributed to reinforcing monetary and financial stability in the kingdom, strengthening the banking sector, and enhancing the resilience of the national economy. Over the past years, the bank has managed to maintain the Jordanian dinar's exchange rate and increase foreign currency reserves to an unprecedented level of $28.4 billion by the end of August 2023, with inflation rates stabilized at an average of 2%. It has also implemented proactive measures worth 760 million dinars to support economic sectors, made progress in modernizing financial technology and digital payments systems, and launched a strategy for financial inclusion and green finance supported regionally. During Sharqs’s first term, Jordan exited the Financial Action Task Force (FATF) grey list, boosting the reputation of Jordan’s financial system internationally. Sharqs has been serving as Governor of the Central Bank since January 2022, having previously held the position of Deputy Governor since 2012. He is known for his extensive experience that began in 1991 at the Central Bank.
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