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De Facto Classification of Exchange Rate Arrangements, as of April 30, 2021, and Monetary Policy Frameworks [2] Exchange rate arrangement (Number of countries) Exchange rate anchor Monetary aggregate target (25) Inflation Targeting framework (45) Others (43) US Dollar (37) Euro (28) Composite (8) Other (9) No separate legal tender (16) Ecuador ...
The exchange is governed by a seven-member board of directors. A chief executive officer oversees day-to-day responsibilities and reports to the board. [1] The members of ASE are Jordan's 68 brokerage firms. Amman Stock Exchange became state-owned company under the name "The Amman Stock Exchange Company (ASE Company)" on February 20, 2017. [1] [2]
The Central Bank of Jordan (Arabic: البنك المركزي الاردني) is the central bank of Jordan whose main duties include the release and distribution of the Jordanian currency and the maintenance of a national reserve of gold and foreign currencies. The bank also maintains and insures the safety of the banking environment in Jordan.
From 1949 to 1965, currency issue was entrusted in the Jordan Currency Board. Before 1949, the Palestinian pound was used. [4] In 1949, banknotes were issued by the Jordan Currency Board in denominations of 1 ⁄ 2, 1, 5, 10 and 50 dinars. They bore the country's official name, "The Hashemite Kingdom of the Jordan".
The most improvement was in trade, construction and industry. Many banks suffered from the sharp correction in the Amman Stock Market in 2006, encouraging them to focus on core banking business in 2007, and this was reflected in a 16.65% rise in net interest and commission income to JD1.32bn ($1.87bn).
This fixed exchange rate was maintained until 11 May 1972, in which the rupee was devalued to Rs.11/- per dollar. [30] Initially, the Indian and Pakistani rupees were at parity until sterling was devalued in 1949, in which India followed suit but Pakistan did not. This caused the Pakistani rupee to be valued at a 44% premium to the Indian rupee ...
The ASE Market Capitalization Weighted Index is a stock index of the Amman Stock Exchange in Jordan. The ASE Weighted Index is one of two principal stock indices on the exchange, the other being the ASE Unweighted Price Index. The ASE Unweighted Index was created in 1980 and was very successful. The ASE went on to create a weighted index in 1992.
In 2010, the India-Jordan trade volume stood at US$1.16 billion i.e. India's exports to Jordan stood at US$382 million in 2010 while imports were to the tune of US$783 million in 2010.' [187] Jordan is also a member of the Non-Aligned Movement and has thus forged close relations with India.