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Jordan: Experts laud CBJ monetary management, approach to currency flow regulation
Jordan: Experts laud CBJ monetary management, approach to currency flow regulation

Zawya

time11-03-2025

  • Business
  • Zawya

Jordan: Experts laud CBJ monetary management, approach to currency flow regulation

AMMAN: Financial experts lauded the Central Bank of Jordan's (CBJ) "sophisticated" monetary management, crediting its meticulous approach to currency flow regulation, interest rate calibration, and inflation containment as critical to maintaining dinar stability in turbulent regional markets. Industry insiders told the Jordan News Agency, Petra, that monetary policy transcends mere technical mechanisms, serving as the bedrock of macroeconomic equilibrium that underpins market confidence. 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 JD4.763 billion by February's close JD506 million 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 synthesises diversification with sustainability. Financial strategist Jamal Masri characterised 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," Masri highlighted, cautioning against misinterpretation by non-specialists. Head of the Economics Department at the University of Jordan Raad 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 neutralise market speculation and unfounded economic narratives. The experts concurred that CBJ's gold management strategy has demonstrably strengthened Jordan's economic foundation, enhancing its resilience against external pressures and positioning the kingdom as a bastion of monetary stability in a volatile region. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (

Experts laud CBJ monetary management, approach to currency flow regulation
Experts laud CBJ monetary management, approach to currency flow regulation

Jordan Times

time10-03-2025

  • Business
  • Jordan Times

Experts laud CBJ monetary management, approach to currency flow regulation

AMMAN — Financial experts lauded the Central Bank of Jordan's (CBJ) "sophisticated" monetary management, crediting its meticulous approach to currency flow regulation, interest rate calibration, and inflation containment as critical to maintaining dinar stability in turbulent regional markets. Industry insiders told the Jordan News Agency, Petra, that monetary policy transcends mere technical mechanisms, serving as the bedrock of macroeconomic equilibrium that underpins market confidence. 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 JD4.763 billion by February's close JD506 million 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 synthesises diversification with sustainability. Financial strategist Jamal Masri characterised 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," Masri highlighted, cautioning against misinterpretation by non-specialists. Head of the Economics Department at the University of Jordan Raad 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 neutralise market speculation and unfounded economic narratives. The experts concurred that CBJ's gold management strategy has demonstrably strengthened Jordan's economic foundation, enhancing its resilience against external pressures and positioning the kingdom as a bastion of monetary stability in a volatile region.

Jordan: Gold reserves rise by $713mln compared with end of 2024
Jordan: Gold reserves rise by $713mln compared with end of 2024

Zawya

time10-03-2025

  • Business
  • Zawya

Jordan: Gold reserves rise by $713mln compared with end of 2024

AMMAN: The Central Bank of Jordan's (CBJ) gold reserves increased by JD506 million to JD4.763 billion by the end of February, compared with the end of 2024, which reached JD4.257 billion. The number of ounces of gold at the CBJ increased to 2.318 million ounces in the first two months of this year, compared with 2.304 million ounces at the end of 2024. The value of foreign currency and gold reserves at the bank at the end of February 2025 amounted to about $21.097 billion, compared with $21.015 billion, at the end of 2023. The central bank's foreign currency reserves are sufficient to cover the Kingdom's imports of goods and services for up to 8.2 months, Al Mamlaka TV reported, noting that the CBJ has sought to increase its gold assets, especially in the last five years. © Copyright The Jordan Times. All rights reserved. Provided by SyndiGate Media Inc. (

Gold reserves rise by JD506m compared with end of 2024
Gold reserves rise by JD506m compared with end of 2024

Jordan Times

time09-03-2025

  • Business
  • Jordan Times

Gold reserves rise by JD506m compared with end of 2024

The Central Bank of Jordan gold reserves increases by JD506 million to reach JD4.763 billion by the end of February (JT file) AMMAN — The Central Bank of Jordan's (CBJ) gold reserves increased by JD506 million to JD4.763 billion by the end of February, compared with the end of 2024, which reached JD4.257 billion. The number of ounces of gold at the CBJ increased to 2.318 million ounces in the first two months of this year, compared with 2.304 million ounces at the end of 2024. The value of foreign currency and gold reserves at the bank at the end of February 2025 amounted to about $21.097 billion, compared with $21.015 billion, at the end of 2023. The central bank's foreign currency reserves are sufficient to cover the Kingdom's imports of goods and services for up to 8.2 months, Al Mamlaka TV reported, noting that the CBJ has sought to increase its gold assets, especially in the last five years.

CBJ: Gold reserves rise to JD4.763 bln at February end
CBJ: Gold reserves rise to JD4.763 bln at February end

Ammon

time09-03-2025

  • Business
  • Ammon

CBJ: Gold reserves rise to JD4.763 bln at February end

Ammon News - The gold reserves held by the Central Bank of Jordan (CBJ) had risen by JD506 million, reaching a total of JD4.763 billion, by the end of last February, compared to the end of 2024, when it reached JD4.257 billion. The number of gold ounces held by the Central Bank of Jordan increased to 2.318 million ounces in the first two months of 2025, compared to 2.304 million ounces at the end of 2024. The value of the bank's foreign exchange and gold reserves amounted to nearly $21.097 billion at the end of February 2025, compared to $21.015 billion at the end of 2023. The Central Bank's foreign exchange reserves are sufficient to cover the Kingdom's imports of goods and services for a period of up to 8.2 months.

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