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Central Bank Forex Reserves Climb to $27.2B
The Jordanian Central Bank's foreign exchange reserves increased to $27.2 billion by the end of May, compared to $27.05 billion in April, reflecting a rise of approximately $1.7 billion in just one month. These reserves cover about 9.5 months of imports of goods and services, significantly exceeding the international standard. This growth indicates the effectiveness of the monetary policy and ongoing inflows of foreign currencies from major sources such as workers' remittances and exports. Additionally, gold reserves reached 7.8 billion dinars at the beginning of the year, up from 7.2 billion dinars at the end of 2024.
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