Description

The Central Bank of Jordan is responsible for managing Jordan's currency issuance and distribution, as well as maintaining national reserves of gold and foreign currencies. Additionally, it plays a crucial role in ensuring the stability and security of Jordan's banking sector.

Jordan initiated the establishment of the Central Bank of Jordan (CBJ) in the late 1950s, with the enactment of the CBJ Law in 1959. Operations officially began on October 1, 1964, replacing the Jordan Currency Board established in 1950. Over time, the government gradually increased the capital of the CBJ from one million to 18 billion Jordanian Dinars. Although fully owned by the government, the CBJ operates as an independent and autonomous entity.

Abdullah II bin Al-Hussein (born 30 January 1962) has been King of Jordan since 1999 upon the death of his father King Hussein. Abdullah is considered to be the 41st generation direct descendant of the Islamic Prophet Muhammad, through his belonging to the ancient Hashemite family, which has ruled Jordan since 1921.