Strong demand for Jordanian dinar at money exchanges, says sector representative

AMMAN — Representative of the financial and banking sector at the Jordan Chamber of Commerce, Firas Sultan, on Wednesday said that there is a strong demand for the Jordanian dinar at money exchanges as the Eid Al Fitr holiday approaches. 

The growing demand for the Jordanian dinar is due to the rise in remittances of Jordanian expatriates and an increase in tourism, Sultan noted, according to the Jordan News Agency, Petra. 

According to the Central Bank of Jordan's figures, the Kingdom's tourism income rose by 88.4 per cent in the first quarter of this year, compared with the same period last year, recording $1.671 billion. 

Sultan expected other currencies, such as the Egyptian pound and the Turkish lira, to see higher demand in the near future due to expected tourist reservations for travel abroad during the eid holiday. 

A total of 250 companies and their branches operate in the currency exchange sector across the Kingdom, employing about 4,000 Jordanian employees.