(MENAFN- Jordan Times) Expatriates' remittances to Jordan reached JD978.1 million until the end of May this year compared with JD922.6 million during the first five months of last year, an increase by around JD55.5 million, according to the Central Bank of Jordan (CBJ) figures.
In a statement issued on Thursday, the CBJ said remittances continued to grow in the last three months. The recent growth ushers the beginning of higher flow of remittances, after a drop in the remittances during the last year as a result of economic and political developments and the repercussions of the global financial crisis, especially in the countries where most Jordanian expatriates work.
Moreover, tourism revenues reached around JD1billion at the end of May, which boosts the current account, the country's payment balance and the country's volume of foreign reserves.
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