Euro worth a bit over two thirds of the dinar on Sunday

By JT - Jul 17,2022 - Last updated at Jul 17,2022

AMMAN — The exchange rate of the euro against the Jordanian dinar stood at 72 piasters on Sunday which was the lowest rate since 2002, according to Alawneh Exchange Company Director Ayman Alawneh, the Jordan News Agency, Petra, reported.

Demand for the euro has increased by about 30 per cent over the past five days, he said, adding that money exchange transactions by tourists, visitors, local banks and international shipping companies supply the local market with the foreign currency.

Moreover, treasurer of the Jordanian Exchange Association Khaled Al Zoubi indicated that countries surrounding the euro zone have benefitted from the "sharp decline" of the euro. He commended the role of the Central Bank of Jordan, saying it is working to maintain market stability and curb inflation.

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