Amman, June 25 (Petra) — The financial and banking sector at the
Jordan Chamber of Commerce (JCC) has reported a solid demand for the
Jordanian Dinar across local exchange companies.

Firas Sultan, the sector’s representative, attributed this trend to
an increase in domestic economic activity, particularly within
national exports, combined with steady remittance inflows from
Jordanian expatriates working abroad.

According to Sultan, indicator data suggests that exchange market
activity will continue to rise in the coming months. This expected
growth is tied to the upcoming return of expatriates and visitors
from the Arabian Gulf, both of which support various economic sectors
and contribute to the ongoing growth of the Central Bank’s foreign
currency reserves.

Official figures show that expatriate remittances grew by 13.3%
during the first four months of the year, totaling $1.6 billion.
Meanwhile, foreign currency reserves reached $27.2 billion by the end
of May, reflecting a $1.7 billion increase compared to the end of
last year.

Sultan noted that the banking and financial sector views these
early-year economic results positively, as they demonstrate the
national economy’s stability and capacity to adapt to external
challenges. He credited the Central Bank’s continuous efforts in
maintaining monetary and banking stability.

Additionally, he emphasized that the successful completion of the
International Monetary Fund (IMF) reviews strengthens confidence in
the economy and highlights the Kingdom’s commitment to implementing
structured, priority-driven reforms aimed at boosting economic
efficiency and competitiveness.

Currently, the exchange sector comprises 250 companies and branches,
employing approximately 4,000 Jordanian citizens.

//Petra//WH