Jordan’s foreign exchange reserves hold steady at $22.76bn in May

RIYADH: Jordan’s foreign exchange reserves remained largely unchanged in May, standing at $22.76 billion, as per new data released by the Central Bank of Jordan.

The slight month-on-month dip — about 0.2 percent from April — reflects broad stability in the Kingdom’s external buffers.

Jordan’s foreign exchange figures are broadly in line with trends observed across other Middle East and North African countries.

The Qatar Central Bank recorded a 3.6 percent increase in its foreign currency reserves and liquidity, reaching 258.135 billion Qatari riyals ($70.9 billion) in May, up from 249.165 billion riyals in May 2024.

Jordan’s long-term foreign-currency issuer default rating was affirmed at “BB-” with a stable outlook by Fitch Ratings. File/AFP

Jordan’s foreign exchange reserves hold steady at $22.76bn in May

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