Bloomberg News

Jordan Central Bank Foreign Currency Reserves Decline 14.1%

February 12, 2012

Feb. 12 (Bloomberg) -- The Jordanian central bank’s foreign currency reserves declined 14.1 percent to $10.5 billion last year and are sufficient to cover imports for a little more than six months, the bank said on its website.

Total deposits at banks rose 8.3 percent in 2011 to 24.4 billion dinars ($34.4 billion), the report said. Credit facilities extended by Jordanian banks increased 9.7 percent to 15.9 billion dinars.

--Editors: Louis Meixler, Inal Ersan.

To contact the reporter on this story: Mohammad Tayseer in Dubai at mtayseer@bloomberg.net

To contact the editor responsible for this story: Andrew J. Barden at barden@bloomberg.net


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