High indebtedness threatens Jordanian Dinar stability

الرابط المختصر

Indebtedness exceeds legal limit of 60% of the Gross National Product (GNP) threatens the stability of the Jordanian Dinar as what happened in the year 1989, according to economy expert Dr. Munir Hamarneh, who drawn attention to that the current stability of rate of exchange is the increased reserves of the Central Bank of Jordan and other national banks of the foreign currencies.

The Bulletin of the Ministry of Finance issued in April 2010 has pointed out that the external public debt has increased in February by JD12.1m to reach JD3881m which is 22% of the expected GNP for the year 2010.

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