Exchange Rate in Jordan
Jordan - Exchange RateThe economy will have slumped in H1 due to the pandemic and associated containment measures. The unemployment rate jumped to 19.3% in Q1, an over one-decade high, and will have risen even higher in Q2, weighing on private consumption. Furthermore, the government likely curbed its spending in H1 to help bring its worsening finances under control. More positively for H2, however, Jordan has benefited from multilateral support in recent weeks, including USD 396 million from the IMF on 20 May and USD 374 million from the World Bank on 25 June, which in turn appears to be helping the government in the debt markets; Amman successfully issued USD 1.8 billion in Eurobonds on 30 June. This, coupled with easing containment measures in recent weeks, suggests the government will not slash spending dramatically in H2 and the economy will begin to slowly recover if the coronavirus remains contained.
Jordan - Exchange Rate Data
|Exchange Rate (vs USD)||0.71||0.71||0.71||0.71||0.71|
5 years of economic forecasts for more than 30 economic indicators.
Jordan Exchange Rate Chart
Source: Central Bank of Jordan.
|Exchange Rate||0.71||0.0 %||Nov 30|
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