AMMAN: The Central Bank of Jordan (CBJ) announced Monday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits.
The CBJ said that the certificate of deposits issue number (17/2015) reached JD1 billion and will be matured tomorrow. It added that the value of overnight repurchase agreements (REPO) held with the CBJ was JD 19.8million on 31 May.
The reserve requirements are the amount of funds that a depository institution must hold in reserve at the Central Bank while the excess liquidity is the increase in deposits of banks held at the CBJ which are above the usual requirement (reserve requirements).
