ammonnews.net

Ammon News - * Value of gold assets at the CBJ increased by JD98 million
* 2.389 million ounces of gold held by the CBJ in January 2024
* $55.1 million growth in the CBJ’s foreign reserves in January 2024
* Foreign reserves at the CBJ reached JD18.178 billion at the end of last January

Ammon News- Economic affairs editor- The gold assets in the Central Bank of Jordan (CBJ) in its reserves increased in January 2024 compared to the end of 2023, reaching 2.388 million ounces.

The value of the increase in the CBJ’s gold assets last January, according to the CBJ’s tables, amounted to approximately JD98 million, reaching JD3.445 billion, compared to JD3.347 billion recorded in December 2023.

Historically, central banks in the world resort to buy gold during political tensions as a safe haven compared to investing in currency and bond markets.

CBJ's foreign reserves rose last January by JD55.1 million to reach $18.178 billion, compared to approximately $18.122 billion in December 2023.

The latest data issued by the CBJ, which Ammon reviewed, showed that the foreign reserves at the bank, which include gold and Special Drawing Rights, are sufficient for the Kingdom’s imports for about 7.9 months, which is the same estimated period for the reserves to cover imports in December 2023.