Foreign currency inflows support the resilience of the Jordanian economy

More importantly, the pace of growth in recent months appeared faster, which may reflect the beginning of a clearer recovery if air traffic and tourism markets continue to improve.

At the same time, remittances from Jordanians working abroad emerged as one of the most improved indicators, rising by more than 14% during the first seven months to approach $3 billion; these remittances represent one of the most important sources of support for the Kingdom's foreign currency reserves.

In addition to their direct role in stimulating the economic cycle through household spending, consumption, and savings, which gives them a broad economic impact that extends beyond their monetary dimension.

As for national exports, they also achieved growth of over 7%, reaching about $6.6 billion.

This improvement gains double importance because the effects of increased exports are not limited to providing foreign currency, but extend to stimulating production and employment and enhancing the ability of industrial and agricultural sectors to access foreign markets.

The higher the contribution of value-added exports, the greater the Jordanian economy's ability to generate foreign currency in a more sustainable manner.

These indicators combined are reflected in the level of foreign reserves at the Central Bank, which reached about $28.4 billion at the end of August, providing a safety margin for the national economy and supporting Jordan's ability to finance its imports, meet its external obligations, and maintain monetary stability and the exchange rate of the Dinar.

However, it is important to emphasize the significance of a balanced reading of these figures, as the improvement in foreign currency inflows does not mean the disappearance of challenges related to the trade deficit, energy costs, and regional conditions.

But it indicates, on the other hand, that the Jordanian economy still possesses effective channels for attracting foreign currency, which forms an important base for strengthening economic stability if accompanied by policies that increase productivity, investment, and value-added exports.

In other words, enhancing the Jordanian economy's ability to generate foreign currency from real economic activity, and reducing its reliance on external conditions and their fluctuations.