Ammon News - The Central Bank of Jordan (CBJ) has issued a circular to all banks operating in the Kingdom requiring them to maintain a minimum local liquidity coverage ratio, such that the ratio is not less than 100% for the total currencies and in dinars in all cases.

The CBJ said that although these instructions require maintaining a liquidity coverage ratio of no less than 100% for all currencies and in dinars, it is expected that the bank will maintain high-quality liquid assets in line with its liquidity needs for each currency and that the bank will be able to use these assets to generate liquidity in the currency and country in which liquidity risks arise.