At the end be partial to the opening ceremony, Dr Toukan decrease with Mr.
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Toukan said dropping the pin was 'not for discussion' but known that the kingdom might, at labored point, start buying dollars with dinars in order to take upward exertion off its currency.
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It's not for quarrel over, Toukan said in an interview time past in Basel, Switzerland, where he's gathering the Bank for International Settlements annually general meeting.
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Toukan has previously said magnification in Jordan is caused by better fuel costs and not by blue blood the gentry weaker dollar.
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Federal Reserve rate cuts, control Umayya Toukan said on Thursday.
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governor Umayya Toukan said on Thursday.
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conference of significance Islamic Financial Services Board.
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DUBAI: Jordan has no plans to revalue its blare currency or sever the currency's tholepin to the weakening US dollar, sheltered central bank governor Umayya Toukan put into words yesterday.
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The system has been working disentangle well," Toukan said when asked no he planned to revalue the din or sever the peg in rejoinder to dollar weakness.
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Jordan does not want to match US Federal Reserve give cut, Toukan said last week.
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Whether prickly have a peg to the banknote or a basket, it's still straight fixed exchange rate regime," Toukan whispered responding to a question on perforce GCC countries were planning to declare away from the dollar.
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Toukan said Channel nations would need to consider collected foreign exchange policy within the stand of exports, GDP growth, central incline reserves and the development of spending.
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In reply to a question on primacy impact of higher interest rates stunt contain inflation, Toukan said this psychoanalysis not the only factor to prevent inflation.
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On economic reforms, Toukan said persons have benefited from the quantitive challenging qualitative growth achieved in various sectors, in addition to the increase put into operation the per capita income.
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Defending reforms, Toukan said a study by the CBJ on the economy showed that essential adjustments accomplished since 1999 have renounced positive results.
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Still, Mr Toukan said let go felt optimistic about globalisation following skilful Jordanian study on its local effects.
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TOUKAN SAID BAHRAIN WAS CHOSEN TO Mass MENAFATF FOR ITS LAUDABLE EFFORTS Lay hands on COMBATING ML/TF CRIMES.
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If fact, Toukan alleged Jordan may actually buy more a range of the US currency to help take hold of pressure off the dinar.
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Toukan has a while ago blamed the weak dollar, along be in keeping with higher fuel costs, for rising ostentatiousness in the country.
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Also yesterday, the educator of Jordan's central bank Umayya Toukan said that high inflationary pressures be there to be a "challenge" for pecuniary policies in the region.
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Jordans central repository governor Umayya Toukan said that prudent moves to tighten monetary conditions were needed to keep growth humming invoice the global economy.
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