Jordan money supply increases

02 June 2010

Jordan's money supply rose 8% year-on-year at the end of April, and increased 0.9% from March, Reuters has reported. The broadest measure of money supply, M2 rose to JD20.474bn ($28.8bn) at the end of April from JD18.947bn in the same period last year. Money supply growth almost halved to 9% in 2009 and supply stood at JD20.013bn at the end of December as banking lending shrank due to the global downturn. Growth in money supply, an indicator of future inflation, has decelerated rapidly since peaking at a record 17.3% in 2008 when a sharp rise in oil and commodity prices spurred high inflation, the data showed.

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