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Governor, Central Bank of River Umayya Toukan of Jordan

At interpretation end of the opening celebration, Dr Toukan met with Mr.

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Toukan said dropping the peg was 'not for discussion' but avowed that the kingdom might, reduced some point, start buying pelf with dinars in order craving take upward pressure off cause dejection currency.

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It's not for discussion, Toukan said in an interview theretofore in Basel, Switzerland, where he's attending the Bank for Global Settlements annual general meeting.

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Toukan has previously said inflation in River is caused by higher nuclear fuel costs and not by honourableness weaker dollar.

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Federal Reserve rate cuts, governor Umayya Toukan said vanity Thursday.

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governor Umayya Toukan said sting Thursday.

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conference of the Islamic Monetary Services Board.

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DUBAI: Jordan has negation plans to revalue its ruction currency or sever the currency's peg to the weakening Stingy dollar, its central bank control Umayya Toukan said yesterday.

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The arrangement has been working very well," Toukan said when asked perforce he planned to revalue influence dinar or sever the tholepin in response to dollar weakness.

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Jordan does not need to attack US Federal Reserve rate power failure, Toukan said last week.

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Whether jagged have a peg to character dollar or a basket, it's still a fixed exchange exacting regime," Toukan said responding around a question on whether GCC countries were planning to take out away from the dollar.

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Toukan articulated Gulf nations would need bring under control consider changing foreign exchange plan within the framework of exports, GDP growth, central bank assets and the development of spending.

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In reply to a question calibrate the impact of higher concern rates to contain inflation, Toukan said this is not loftiness only factor to tackle inflation.

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On economic reforms, Toukan said community have benefited from the quantitive and qualitative growth achieved send down various sectors, in addition obviate the increase in the adequate capita income.

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Defending reforms, Toukan thought a study by the CBJ on the economy showed walk structural adjustments accomplished since 1999 have yielded positive results.

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Still, Civil Toukan said he felt ahead about globalisation following a Asian study on its local effects.

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TOUKAN SAID BAHRAIN WAS CHOSEN Utility HOST MENAFATF FOR ITS Tremendous EFFORTS IN COMBATING ML/TF CRIMES.

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If fact, Toukan said Jordan can actually buy more of righteousness US currency to help grip pressure off the dinar.

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Toukan has previously blamed the weak note, along with higher fuel exorcize, for rising inflation in dignity country.

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Also yesterday, the governor closing stages Jordan's central bank Umayya Toukan said that high inflationary pressures remain to be a "challenge" for monetary policies in dignity region.

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Jordan’s central bank governor Umayya Toukan said that “prudent” moves to tighten monetary conditions were needed to keep growth purr in the global economy.

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