Jordan repays $1bln in debt in first two months of 2025
AMMAN — The government retired debts totalling JD750 million during the first two months of 2025.
Over the same period, the government issued bonds and treasury bills worth JD1.175 billion as part of its debt management strategy, according to official data cited by Al Mamlaka TV.
In January alone, JD150 million in debt was repaid, while the government issued JD350 million in bonds and treasury bills and paid JD83 million in loan interest.
Treasury bonds, a key component of government financing, are long-term debt instruments with maturities ranging from two to twenty years. These include both sovereign bonds and those issued by corporations.
Treasury bills, by contrast, are short-term government debt securities with maturities between three and twelve months. Known for their low risk and liquidity, they are frequently traded in financial markets.
© Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al Etihad
an hour ago
- Al Etihad
China vice premier to meet US delegation for trade talks: Beijing
7 June 2025 23:12 Beijing (AFP)Chinese Vice Premier He Lifeng will meet a US delegation for talks next week in Britain, Beijing announced on Saturday amid a fragile truce in the trade dispute between the two will visit the United Kingdom from June 8 to 13 at the invitation of the British government, China's foreign ministry said in a said He and American representatives will co-chair the first meeting of the China-US economic and trade consultation President Donald Trump had already announced on Friday that a new round of trade talks with China would kick off in London beginning Monday, after he spoke by phone with Chinese counterpart Xi Jinping in a bid to end a bitter battle over posted on his Truth Social platform that Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick and US Trade Representative Jamieson Greer would meet the Chinese discussions will mark the second round of such negotiations between the world's two biggest economies since Trump launched his trade war shortly after returning to the White House in January.A first meeting, held in mid-May in Geneva, brought a pause to the US-China trade Thursday the Republican president finally discussed the issues with Xi for the first time since the trade tensions soared, assuring that the conversation had been positive. Xi for his part told Trump the two should "correct the course" of bilateral relations, according to remarks quoted by official Chinese media.
Arabian Post
14 hours ago
- Arabian Post
Trade Envoys from US and China to Convene in London Amid Renewed Optimism
Top trade officials from the United States and China are set to meet in London on Monday, 9 June, in a bid to ease escalating tensions over tariffs, technology transfers, and critical mineral exports. The announcement follows a 90-minute phone call between President Donald Trump and President Xi Jinping, during which both leaders agreed to resume dialogue and expressed cautious optimism about resolving key disputes. Leading the US delegation will be Treasury Secretary Scott Bessent, Commerce Secretary Howard Lutnick, and US Trade Representative Jamieson Greer. The Chinese side has not officially confirmed its delegation, but past rounds have included Vice Premier He Lifeng, Vice Commerce Minister Li Chenggang, and Vice Finance Minister Liao Min. Li, who was appointed as China's International Trade Negotiator in April, has been instrumental in shaping Beijing's response to the ongoing trade conflict. The upcoming talks follow a temporary truce brokered in Geneva on 12 May, where both nations agreed to reduce retaliatory tariffs—previously as high as 145%—to more manageable levels. However, the ceasefire is set to expire on 12 August, adding urgency to the London negotiations. ADVERTISEMENT A central issue on the agenda is the flow of rare earth minerals, which are essential for advanced manufacturing and defence technologies. China's earlier suspension of some rare earth exports to the US had heightened concerns about supply chain vulnerabilities. During their phone call, President Trump stated that President Xi agreed to resume these exports, a move that could alleviate pressure on US manufacturers. However, Beijing has yet to publicly confirm this commitment. The trade dispute has had significant economic repercussions. American businesses have faced increased costs due to tariffs, and a pending lawsuit challenges the legality of these tariffs under the International Emergency Economic Powers Act. The outcome of both the negotiations and the legal case could significantly influence future US trade policy and economic relations with China. President Trump has expressed optimism about the upcoming talks, stating, 'The meeting should go very well.' However, the complexity of the issues at hand suggests that reaching a comprehensive agreement may require sustained effort and compromise from both sides.
Dubai Eye
a day ago
- Dubai Eye
Swiss National Bank denies currency manipulation after being put on US watch list
The Swiss National Bank (SNB) said on Friday it would intervene in foreign currency markets where necessary to keep inflation on track after the US added Switzerland to a list of countries being monitored for unfair currency and trade practices. The SNB denied being a currency manipulator after the publication of the US Treasury Report on Thursday, but said it would continue to act in Switzerland's interests as the strong franc helped push inflation into negative terrain last month. "The SNB does not engage in any manipulation of the Swiss franc," it said. "It does not seek to prevent adjustments in the balance of trade or to gain unfair competitive advantages for the Swiss economy." The SNB said it was in contact with US authorities to explain Switzerland's economic situation and monetary policy, and would continue to use interest rates and forex market interventions if necessary to pursue its inflation target of 0-2 per cent. Swiss inflation hit a four-year low in May, with prices falling by 0.1 per cent. The SNB declined to say whether further talks with the United States were planned, but said its monetary policy was "geared towards the needs of Switzerland". Switzerland met two of the US Treasury's concerns regarding trade flows and its current account, but not on foreign currency interventions. SNB forex exchange purchases in 2024 were "minimal," Treasury said. In 2024, the SNB bought only $1 billion in foreign currencies, equivalent to only 0.1 per cent of Swiss GDP, well below the Treasury's threshold of 2 per cent of economic output. The US has also added Ireland to the list, along with previous countries, including Germany, China, Japan, South Korea, Singapore, Taiwan and Vietnam, already being monitored at the time of the November report from the Biden administration.
