(MENAFN- Qatar News Agency) Jordan's Cabinet approved on Wednesday a recommendation of the Economic Development Committee to increase capital of the Central Bank of Jordan CBJ to JD48 million from the current JD18 million by combining JD30 million from the general reserve.
The reserve will then be restructured as of the end of this year and in the coming years to double the capital to JD96 million to support the bank's capital and reserves, Jordan Petra news agency reported. The Cabinet also approved a recommendation of the Committee on terminating the supervision of the CBJ on the operations of the Cooperative Bank, since the CBJ's supervision ended under the Cooperation Law Number 18/1997. Â
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