The Association of Banks in Jordan (ABJ) held a ceremony to honor the former Governor of the Central Bank of Jordan (CBJ), Ziad Fariz, said reports.
The ceremony was held via teleconference, and attended by Jordan’s Prime Minister Bisher Khasawneh, CBJ Governor Adel Sharkas, and ABJ Chairman Bassem Al-Salem, in addition to more than 59 banks chairmen and CEOs.
Khasawneh said that former CBJ governor Ziad Fariz made great efforts and achieved fundamental gains to support the monetary stability.
He noted that CBJ achieved a historic achievement in reserves level and maintaining the monetary policy stability under Fariz’s tenure.
He lauded Fariz’s efficient management of the CBJ in light of delicate economic conditions, and financial and economic reforms that require the highest levels of responsibility.
Khasawneh also said that Fariz’s efforts were integrated with Jordanian financial and economic reforms, and contributed to achieving monetary stability, which is a key requirement for the success of these reforms.
He underscored the importance of the banking sector role in the Kingdom, adding that the government is a key supporter of this sector.
Fariz said that the banking sector assumed a key role as part of the national system in safeguarding the Kingdom from financial challenges over the years.
He stressed that the banking system is sound and capable of supporting development efforts, as the CBJ was established with firm and solid rules.
He attributed achievements made over the years to the banks’ partnership and cooperation with the CBJ, not only the administrative partnership but also financial.
Adel Sharkas lauded Fariz for consolidating CBJ’s independence and credibility and leading the banking system in a way that enhances its durability, financial conditions and its ability to provide funds to the private sector on appropriate terms.