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Jordanian banks encouraged to increase dinar deposits
- Jordan: Tuesday, December 04 - 2012 at 05:38
The Jordanian central bank has announced its decision to raise interest rate on overnight window deposits in Jordanian dinars by 75 basis points as of Monday, Jordan Times has reported. The bank kept the interest rates unchanged on other monetary tools, the rediscount rate and overnight repurchase agreements. The decision is part of the bank's policy to cement monetary stability, increase the attractiveness of dinar-dominated monetary tools and to enhance national savings, it said.
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