1 Day
Source:
وكالة الانباء الاردنية
Central Bank Chief: Remittance Growth Enhances Economy
The article highlights that the growth of remittances sent by Jordanians working abroad plays a significant role in strengthening the resilience of Jordan's national economy. In 2025, the value of remittances reached approximately $4.5 billion, marking a 4.5% increase compared to 2024. During the first seven months of 2026, they increased by 14.1% to approximately $2.97 billion. Remittances are a primary source of foreign currency, contributing to economic support by financing household needs, encouraging savings and investment, and reducing dependence on a single source of foreign currency. Remittances coming from countries such as the UAE, the United States, and Saudi Arabia are vital for monetary stability and help support the Kingdom's budget, with a net inflow of about $2.7 billion recorded in 2025. The Central Bank is actively working on updating and analyzing remittance data to assess their impact on the economy, while also calling for the enhancement of Jordanian competencies' competitiveness and adaptation to technological changes—especially in light of digital trends and cybersecurity—to ensure the sustainability of these flows and maximize their benefits.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)