Central Bank of Jordan Governor Adel Sharkas addressed the Jordan Banking Summit 2025 hosted by the Association of Banks in Jordan, outlining the Central Bank’s focus on monetary stability and pointing to strengthened buffers including foreign reserves above USD 21 billion, lower dollarization and a recent increase in the Central Bank’s capital to JOD 100 million from its own resources. Sharkas reported that the dollarization rate fell to 18.4% at end-2024 and inflation eased to 1.6%, with expectations for inflation to stabilise around 2% in 2025. He highlighted external-sector performance including export growth of 3.8% in 2024 to JOD 8.6 billion, tourism income of JOD 5.1 billion and a 2.8% rise in workers’ remittances to JOD 2.6 billion, alongside foreign investment inflows of JOD 906 million in the first three quarters of 2024; the Central Bank expects real GDP growth of 2.4% for 2024 and 2.7% in 2025. The summit agenda also covered future banking trends, digital transformation, and the role of fintech and artificial intelligence in banking operations.
Central Bank of Jordan 2025-02-15
Central Bank of Jordan highlights capital increase to JOD 100 million and reserves above USD 21 billion at Jordan Banking Summit 2025
Central Bank of Jordan Governor Adel Sharkas, at the Jordan Banking Summit 2025, emphasized monetary stability with foreign reserves exceeding USD 21 billion and a capital increase to JOD 100 million. He noted a decrease in dollarization to 18.4%, inflation easing to 1.6%, and projected real GDP growth of 2.4% in 2024 and 2.7% in 2025, while highlighting export growth, tourism income, and foreign investment inflows.