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Home Business CBJ cancels ceilings imposed on providing daytime liquidity to banks 17-07-2024 09:56 AM Ammon News - The Central Bank of Jordan (CBJ) decided to cancel the ceilings imposed on the operations of providing daytime liquidity to banks licensed in Jordan. The decision will take effect as of July 14, so that the effective ceiling for each bank will be the size of its assets of collateral accepted for this purpose. CBJ's decision comes to facilitate and accelerate transfer orders on the Real Time Gross Settlement System (RTGS-JO) through intraday repo contracts. It is noteworthy that this comes within a series of measures taken by the CBJ to develop the operational framework of monetary policy and diversify its used tools.

Home Business

CBJ cancels ceilings imposed on providing daytime liquidity to banks

17-07-2024 09:56 AM

Ammon News - The Central Bank of Jordan (CBJ) decided to cancel the ceilings imposed on the operations of providing daytime liquidity to banks licensed in Jordan.

The decision will take effect as of July 14, so that the effective ceiling for each bank will be the size of its assets of collateral accepted for this purpose.

CBJ's decision comes to facilitate and accelerate transfer orders on the Real Time Gross Settlement System (RTGS-JO) through intraday repo contracts.

It is noteworthy that this comes within a series of measures taken by the CBJ to develop the operational framework of monetary policy and diversify its used tools.

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