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Ammon News - AMMONNEWS - Demand for the dinar, the Egyptian pound and the Turkish lira is expected to rise ahead of Eid Al Adha, Jordanian Exchange Association (JEA) President Alaa Eddine Diraniyeh said on Monday.
Eid Al Adha, the feast of sacrifice, is expected to begin on September 11, and with weekends on either side of the five-day holiday, it offers an opportunity to travel abroad.

Increased tourism is expected to Turkey and Egypt, as both countries are offering travellers special deals and discounts, Diraniyeh said, adding that this would lead to a higher demand for Turkish and Egyptian currencies.

"The Turkish lira witnessed a critical situation due to the recent political developments but things have returned to normal," said Diraniyeh, referring to the recent failed coup on July 15.

The demand for Saudi riyals usually rises during this time of year, as pilgrims head to Mecca to perform Hajj, but this year it has fallen, Diraniyeh said.
"I think people are suffering financial pressures and decided to delay Hajj to another year," Diraniyeh explained.

Demand for the dinar is high all year, but surges during holidays, he said.