AMMAN, JORDAN – Rising remittances from the Kingdom’s citizens working abroad has contributed to increasing demand for Jordanian dinar.
Exchange companies in the Kingdom are experiencing a significant surge in demand for the Jordanian dinar, surpassing interest in other foreign currencies, the Petra news agency said.
Speaking to Petra, Firas Marwan Sultan, a representative of the financial and banking sector at the Jordan Chamber of Commerce, highlighted the substantial demand for the dinar, attributing it to the increasing remittances from Jordanians working abroad.
He said that alongside this, there are positive indicators suggesting a stabilization in the national economy, with expectations of heightened demand in the days leading up to the Eid al-Fitr holiday.
Currently, the currency exchange sector comprises 250 companies and their branches scattered across the kingdom, employing approximately 4,000 Jordanians.