An inflation rate of only 2%, a stable currency and reserves at $3.5 billion demonstrate the stress Jordan has put on having a tight and rigorously enforced monetary policy.
This has not always made Umayya Toukan, governor and chairman of the board at the Central Bank of Jordan, popular with the business community and some government ministers. He has been accused of keeping interest rates so high that growth is strangled as investment decisions are delayed.
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