JD 1.85 billion excess reserves at CBJ

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Home Business JD 1.85 billion excess reserves at CBJ 13-12-2012 12:00 AM Ammon News - Amman, (Petra)Excess reserves at the Central Bank of Jordan (CBJ) stood at JD 1.85 billion on Thursday while the volume of required reserves during this week stood at JD1.10 billion,the CBJ added. CBJ excess reserves come from the surplus funds of banks needed to finance their operations, where the central bank pays 2 percent annual interest limited to commercial banks, while Islamic banks are not included. The amount JD50 million is the value of T.Bonds issue number 23/2009 and will be matured December 17, 2012. the bank added.

Home Business

JD 1.85 billion excess reserves at CBJ

13-12-2012 12:00 AM

Ammon News - Amman, (Petra)Excess reserves at the Central Bank of Jordan (CBJ) stood at JD 1.85 billion on Thursday while the volume of required reserves during this week stood at JD1.10 billion,the CBJ added.

CBJ excess reserves come from the surplus funds of banks needed to finance their operations, where the central bank pays 2 percent annual interest limited to commercial banks, while Islamic banks are not included.

The amount JD50 million is the value of T.Bonds issue number 23/2009 and will be matured December 17, 2012. the bank added.

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