Ammon News - Remittances from Jordanians working abroad play a crucial role in the national economy, according to Firas Sultan, the representative of the financial and banking sector at the Jordan Chamber of Commerce (JCC). These remittances not only bolster the Kingdom's foreign currency reserves but also enhance the standard of living for its citizens.

In a statement released on Wednesday, Sultan noted that the increase in the volume and performance of remittances from Jordanian expatriates in the first half of 2024 demonstrates the robustness of the Jordanian dinar, its significant appeal, and the high level of confidence in the national economy.

Recent data from the Central Bank of Jordan (CBJ) revealed that Jordanian expats' remittances grew by 3.6 percent in the first six months of the current year, reaching $1.74 billion, up from $1.68 billion during the same period last year.

Sultan further explained that these remittances contribute to capital accumulation and provide additional income for families, enabling them to enhance their living conditions and secure a steady monthly income. Furthermore, these funds are a vital source of foreign currency, drive economic growth, and stimulate economic activity.

He highlighted that remittances from Jordanians working abroad are a key financial tool supporting the stability of the national economy. They help increase domestic spending levels, expand bank deposits, and invigorate various commercial and service sectors. Petra