Petra News Agency
Monday, November 3, 2008
Premier: Jordan will
exert efforts to overcome world economic challenges
Amman, Nov. 3 (Petra)--Prime Minister Nader Dahabi on Monday said Jordan will
exert efforts to overcome global economic challenges through different
strategies.
The premier said, during discussion session of repercussions of global economic
crisis and its impact on national economy at the Lower House of Parliament, that
Jordan will go ahead with reforms to build a strong national economy and to
encounter impact of this global economic turmoil.
He briefed deputies on immediate reasons behind this world crisis and financial
situation of domestic banks and the Amman Stock Market.
“Jordanian banks are away from these economic woes ravaging various banking
institutions worldwide,” he added.
“Domestic banks abide by laws of Central Bank of Jordan CBJ and have outstanding
experience.
Their wise policy of self-control is obvious and they adhere to global
accounting and verification criteria,” he pointed out.
Dahabi said that Jordan’s banking system doesn’t have any liquidity problems and
excess of banks’ liquidity is about JD 600 million.
“Downturn, which stormed Amman Stock Exchange (ASE) is the least compared to
Arab and world stock markets.
This is an exaggerated tumbling triggered by external factors having nothing to
do with performance of ASE’s listed companies,” he said.
“Our financial system is strong and has a remarkable degree of exposure and
transparency,” the premier added.