[2008-03-13]  Jordan cuts US dollar reserves
The Central Bank of Jordan is trimming the amount of dollars in its foreign reserves because of the falling value of the U.S. currency and the need to service debt, reported Bloomberg citing an interview with Deputy Governor Faris Sharaf. The central bank official would not provide a break down of the bank's reserves, totaling around $7bn. The Jordanian dinar has been pegged to the dollar since October 1995 at an average price of 0.709 fils.

Source: ameinfor