Jordan exchange market has seen a major demand for the Jordanian dinar ahead of the Eid Al-Fitr, the representative of financial and banking sector at the Jordan Chamber of Commerce (JCC), Firas Sultan, said on Wednesday. In a statement to the Jordan News Agency (Petra), Sultan highlighted that the surge in demand for the local currency is propelled by the growing inflow of remittances from Jordanian expats and an expanding tourism industry. According to data by the Central Bank of Jordan (CBJ), the Kingdom’s tourism income amounted to $1.671 billion during the first quarter of 2023, jumping by 88.4 percent compared to the same period last year. Sultan also expected that other currencies, such as the Egyptian pound and the Turkish lira, would experience a surge in demand in the upcoming period due to the increased bookings for outbound tourism during the Eid Al-Fitr holiday. The financial services sector operates around 250 companies across the Kingdom, employing about 4,000 Jordanians.
Source: Jordan News Agency
