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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Jordan posts 42 pct increase in forex reserves

Posted on 28 January 2010

Jordan’s foreign currency reserves grew by 41.5 per cent in 2009 to reache 10.9 billion dollars, the Central Bank of Jordan announced on Wednesday. The present reserves are sufficient for covering the country’s imports for 7.5 months compared with 5.8 months at the end of 2008, the CBJ said.

To be on the safe side, the International Monetary Fund (IMF) advises countries to have foreign currency reserves that cover imports for at least three months………………………………..Full Press Release: Source


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