Regulatory Alerts2012-12-05
Added · Updated
Temporary Open Market Operations
The Central Bank of Jordan mandates licensed banks to utilize repurchase agreements and foreign currency swap agreements to inject liquidity. Repurchase operations are conducted via fixed-rate auctions for tenors ranging from one month to one year, using government securities under the Master Repurchase Agreement. Swap contracts require a minimum of ten million US Dollars and are subject to exposure limits capped at twice the bank's capital and reserves, or three times with prior approval. The document repeals all previous instructions regarding US Dollar and foreign currency swap operations against the Jordanian Dinar.
Topics
monetary
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