Jordanian banks encouraged to increase dinar deposits
Complex Made Simple

Jordanian banks encouraged to increase dinar deposits

Jordanian banks encouraged to increase dinar deposits

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.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved