Ammon News - Central Bank of Jordan (CBJ) Governor Adel Sharkas said the CBJ remains "firmly committed" to preserving the Kingdom's monetary stability as one of the core pillars of the national economy.

Sharkas noted applied monetary policies have produced "positive" results that strengthened confidence in the Jordanian economy both domestically and internationally.

In remarks to "Petra" on Tuesday, he added that the CBJ is employing all available tools to ensure price stability.

Sharkas stated the CBJ’s efforts have delivered "notable" outcomes, mainly the rise in foreign-currency reserves to around USD24.1 billion, a level that reflects the strength of monetary policy and Jordan’s ability to meet external obligations and cover import needs comfortably.

Sharkas indicated that the economic environment has also improved, as inflation declined to about 1.8 percent, which strengthens household purchasing power and reduces price pressures on essential goods.

On future vision, he stressed that maintaining price stability will remain a "strategic priority" for the CBJ in the coming period.

Sharkas said the Jordanian banking sector continues to demonstrate "strong resilience" and the capacity to withstand economic shocks.

"The sector is robust, supervised under high international standards, and plays a central role in supporting economic growth and financing productive sectors," he pointed out.

Additionally, he added that current levels of capital adequacy and liquidity illustrate the sector’s stability and its ability to effectively serve the national economy.

The CBJ, he noted, continues to align its policies with global developments through a proactive, risk-based approach, reiterating the importance of coordination between monetary, fiscal, and economic policies to ensure the continuity of recovery and growth.