Central Bank of Jordan

The Central Bank of Jordan (CBJ) is the central bank of the Hashemite Kingdom of Jordan. It was established in 1964, and is headquartered in Amman, the capital of Jordan. The CBJ is responsible for the implementation of the country’s monetary policy and the maintenance of monetary and financial stability.

The CBJ’s main responsibilities include issuing and regulating the country’s currency, the Jordanian dinar, and implementing monetary policy to control inflation and stabilize the economy. The bank also regulates and supervises the activities of commercial banks and other financial institutions in the country to ensure the stability of the financial system.

The CBJ plays a key role in maintaining the stability of the country’s exchange rate by intervening in the foreign exchange market. The bank also manages the country’s foreign exchange reserves and provides foreign exchange services to authorized dealers.

The CBJ is responsible for the issuance and distribution of the country’s coins and banknotes, and it works closely with other government agencies to prevent counterfeiting and maintain the integrity of the country’s currency. The bank also provides a range of services to the government, including the management of government debt and the provision of short-term loans.

The CBJ is governed by a board of directors, which is appointed by the King of Jordan. The board is responsible for the overall direction and management of the bank, and is accountable to the government and the public.

Overall, the Central Bank of Jordan (CBJ) is the central bank of the Hashemite Kingdom of Jordan, responsible for the implementation of the country’s monetary policy and the maintenance of monetary and financial stability. The bank plays a key role in maintaining the stability of the country’s exchange rate and preventing counterfeiting, and it also provides a range of services to the government. The bank is governed by a board of directors, appointed by the King of Jordan, and is accountable to the government and the public.

Content updated 1/25/23

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