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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Jordanian banking market to recover with the return of financial flows from Iraq

    Rocky
    Rocky
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    Jordanian banking market to recover with the return of financial flows from Iraq Empty Jordanian banking market to recover with the return of financial flows from Iraq

    Post by Rocky Mon 21 Jul 2014, 8:52 am

    Jordanian banking market to recover with the return of financial flows from Iraq



    Oman: bankers said Jordanian The exchange market Jordanian recover gradually with the return of financial flows, from Iraq to normal, after weeks of unrest. they added in the conversations told Anatolia, it did not register during the last months of any cases on suspicion of laundering money from abroad to Jordan, despite the turmoil in the region, and continued fighting in neighboring countries namely Syria and Iraq. said officials exchange firms that stakeholders, impose strict controls on remittances coming to Jordan, from the outside, including belonging to Jordanian citizens, working in other countries - according to the agency German news -.

    They pointed out that recipients of remittances, even though Jordanian obliged to disclose, the source of the funds transferred to it from the outside, which reduces the likelihood of a money-laundering operations. Estimated turnover of exchange companies in Jordan, every year about 2.3 billion dollars, and vary from year to year according to commercial activity and tourism and remittances from Jordanians working abroad. And usually sees the states, which is suffering from disorders remittances abroad, and laundering of funds. Said Alaa Deiranieh Association President cashiers Jordanians, the remittances to Jordan, are in accordance with the rules, did not register any suspicions of money laundering, during the past few months, despite the circumstances surrounding Jordan's neighboring countries, such as Syria and Iraq.

    There is widespread unrest areas of northern and western Iraq after control of the "Islamic state" and Sunni insurgents allied with large parts of Nineveh province (north) in full, including the city of Mosul, in the tenth of June, after the withdrawal of the Iraqi army forces them without resistance, leaving the amounts large weapons and gear. The same thing happened in the cities of Salahuddin province and the city of Kirkuk in Kirkuk province (north) and accepted by the most famous cities in Anbar province (west). Added Deiranieh that financial flows from Iraq to Jordan, began gradually to return to normal levels, after it fell so much because of the fighting there. The Deiranieh has said in previous statements, told Anatolia in mid-June last year, the remittances from Iraq to Jordan dropped by 20% since the deterioration of the security situation in Iraq.

    He said that the exchange market Local started to recover a few days ago, driven by rising remittances from Jordanians working abroad to their families with the approaching Eid al-Fitr, as well as high demand Syrians living in Jordan to replace the dollar dinar, to finance their purchases of real estate, buy their daily needs. He pointed out that the high Deiranieh Jordan's exports, especially of vegetables, also contributed to move the market.

    He said there is a great demand for the Jordanian dinar, in the domestic market, estimated growth in demand for buying the dinar during the past few days by an estimated 5%. Mentions that the Central Bank of Jordan said Thursday that remittances of Jordanians working abroad, rose during the first five months of the year current, an increase of 3.8% for the same period last year to reach 1.49 billion dollars. said Abdul Salam Saudi, an official in one of the exchange companies, said demand in the market exchange Jordanian concentrated on the dinar, and there are no applications to remember the rest of the currency, despite the availability dramatically.

    He added that 95 percent of financial flows to Jordan, in the current period, dating back to the Jordanians working abroad, which is subject to censorship, fear of money laundering operations, which constitutes a nuisance to recipients of remittances. Increased the volume of deposits in Jordanian Dinars by 16% during the first five months, of the year current, reaching 38.79 billion dollars, of the total deposits in Jordanian banks of 49.62 billion dollars. since 1995 connects Jordan currency dinar in U.S. dollars at an average price 709 "Fils" for the dollar, with the aim of achieving a greater degree of stability in the exchange rate of the dinar, while the rest of the other major foreign currencies, is determined exchange rate of the dinar against the developments according to the exchange rates of those currencies against the dollar in the global financial markets. The total foreign currency deposits during this period to $ 10.83 billion.

    And Jordan is facing an economic crisis worsened in the last 3 years ago, due to the high budget deficit is estimated that this year 1.5 billion dollars, and the arrival of the public debt to 83% of the GDP of the country. Added Syrian refugees, who were greeted by Jordan and number about 1.5 million refugees, financial burdens big on the budget, where the government recently announced its need for about 4.12 billion dollars to finance the basic needs of Syrian refugees.


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