2018-03-22

Added · Updated

Central Bank of Jordan Circular on JODIBOR and Top-Up Operations

The Central Bank of Jordan established the Jordan Interbank Offered Rate (JODIBOR) as the benchmark interest rate for interbank transactions in Jordanian Dinar, effective July 1, 2018. All relevant financial institutions are required to adopt JODIBOR for their interbank lending and borrowing activities. The Central Bank will oversee the calculation and publication of JODIBOR and conduct Top-Up operations to manage liquidity and support the implementation of the new benchmark rate.

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