CBJ's gold strategy bolsters monetary stability, says experts
Industry insiders told Petra that monetary policy transcends mere technical mechanisms, serving as the bedrock of macroeconomic equilibrium that underpins market confidence.
They emphasized this domain must remain the exclusive province of central banking authorities a sacrosanct boundary that protects the economy from speculative interference and non-specialist intervention.
The CBJ's "monetary kitchen," staffed with elite financial technicians, meticulously analyzes global economic currents to formulate responsive policies that have demonstrated remarkable resilience over decades.
These specialists deploy a comprehensive monetary toolkit to achieve strategic objectives while maintaining market discipline.
Recent CBJ disclosures reveal substantial gold reserve appreciation, with holdings climbing to 4.763 billion dinars by February's close a 506 million dinar increase from year-end 2024.
Physical gold holdings expanded to 2.318 million ounces, while aggregate foreign reserves reached $21.097 billion, providing robust 8.2-month import coverage.
Adli Qandah, banking sector analyst, underscored gold's pivotal role in the CBJ's reserve architecture, noting its dual function as stability anchor and confidence builder for the Jordanian dinar.
The CBJ's strategic gold transactions represent standard portfolio rebalancing rather than policy shifts, he explained, pointing to the institution's balanced asset management approach that synthesizes diversification with sustainability.
Financial strategist Jamal Al-Masri characterized recent gold transactions January sales of 105,000 ounces amid price spikes followed by February acquisitions of 100,000 ounces as textbook market timing within routine reserve management operations.
"These transactions reflect standard central banking practice, not extraordinary measures," Al-Masri emphasized, cautioning against misinterpretation by non-specialists.
University of Jordan economics chair Dr. Raad Al-Tall highlighted gold's function as an inflation hedge and volatility buffer within the CBJ's monetary arsenal.
The bank's transparent reporting practices, he noted, provide critical institutional credibility while helping neutralize market speculation and unfounded economic narratives.
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