AMMAN, 28th March, 2024 (WAM) --Rising remittances from Jordanians working abroad has contributed to increasing demand for Jordanian dinar, according to Petra, Jordan news agency.
Exchange companies in Jordan are experiencing a significant surge in demand for the Jordanian dinar, surpassing interest in other foreign currencies.
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 noted that alongside this, there are positive indicators suggesting a stabilisation 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.