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Jordan extends deposit guarantees
- Jordan: Thursday, November 05 - 2009 at 11:26
Jordanian Prime Minister Nader Dahabi has announced the extension of last years' guarantee of private commercial deposits in the kingdom's banks until end of 2010, to shore up confidence in the banking system, Reuters has reported. The move aims to mitigate the global downturn's impact on the aid-dependent economy. The country's 23 commercial banks have had minimal exposure to Western markets, and a strong supervisory system run by an independent central bank has limited their currency, property and stock market exposure.
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StaffThursday, November 05 - 2009 at 11:26 UAE local time (GMT+4)
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