Amman, Oct. 16 (Petra) — Remittances from Jordanians working abroad present a valuable opportunity to stimulate local economic growth and revitalize activity in the foreign exchange market, according to Firas Sultan, the representative of the financial and banking sector at the Jordan Chamber of Commerce (JCC).

He emphasized that these remittances are a cornerstone of the national economy, reinforcing the Kingdom’s foreign currency reserves, elevating living standards, boosting bank deposits, and energizing multiple commercial and service industries.

In a statement released Thursday, Sultan noted that the steady increase in remittance flows since the start of the year through August underscores the resilience and appeal of the Jordanian dinar, reflecting strong confidence in the national economy.

Furthermore, he pointed out that these funds help families build financial security, improve their quality of life, and expand their spending power on goods and services, all of which fuel broader economic activity and growth.

According to official data, total remittances received from Jordanians abroad reached $3 billion by the end of August 2025, marking a 3.1% increase compared to the same period last year.

//Petra// WH
16/10/2025 11:44:08