Central Bank Governor Renewal Boosts Stability
I am pleased to present the following summary of the article: The Cabinet has decided to renew the contract of the Governor of the Central Bank of Jordan, Dr. Adel Sharkas, for an additional five years, reaffirming confidence in the institution’s performance and the continuation of its policies to maintain monetary and financial stability. Since assuming his position in January 2022, the governor has managed to uphold the strength of the economy, with Jordan’s foreign reserves reaching $28.4 billion by the end of August 2026, and maintaining a low inflation rate of 2.2% during the first eight months of the year. Future efforts will focus on completing programs for developing the banking sector, enhancing financial inclusion, and advancing digital transformation, all while preserving the independence and transparency of monetary decision-making to ensure the stability of the national economy.
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