Ammon News - The Central Bank of Jordan (CBJ), in cooperation with operating Islamic banks, has developed new monetary policy tools that comply with the provisions of tolerant Islamic Sharia.

This comes within the framework of the CBJ's keenness to develop the operational framework for monetary policy and diversify its tools in light of the best practices of central banks and the needs of the local monetary and banking market.

The developed tools will contribute to increasing the effectiveness and efficiency of liquidity management in the money market, and help Islamic banks manage their liquidity with greater flexibility and create an effective market among them.

Under these tools, the CBJ will be able to provide daytime liquidity to Islamic banks, as well as provide liquidity for one night and up to a week based on their request.