Central Bank of Jordan (CBJ) Governor Adel Sharkas said Saturday (24/02) that the bank’s monetary policy over the past two years and keeping harmony between local, regional and international interest rates bolstered confidence in the national economy and maintained monetary stability and a strong dinar.The monetary policy has paid off amidst global and regional challenges, as this confidence was translated into a continued decline in the dollarization rates, reaching 17.9 percent in late 2023, compared to over 20 percent before the Covid pandemic repercussions, he told a panel discussion on "Monetary Policy as a Tool of Economic Stability," which was held recently by the Jordan Economic Forum (JEF).Sharkas said CBJ foreign reserves hit record levels, currently standing at 18.2 billion, enough to cover 8 months the Kingdom’s imports of goods and services.Added to that is keeping inflation rates, which recorded 2.1 percent last year and dropped to 2 percent in January this year after it reached 4.2 percent in 2022, within suitable limits in proportion to economic activity, and in a manner to stimulate savings and the investment environment, he said. (ICE AMMAN)

Fonte notizia: petra news