Jordan: Selected Issues
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Summary:
The Selected Issues paper on Jordan analyzes the Jordanian dinar, which has historically operated within a fixed exchange rate regime. The deterioration in 2004 and 2005 reflected an exceptionally rapid increase in imports, as the saving-investment balance shifted. Following an improvement in 2006, the current account again deteriorated in 2007 from a negative impact of international food and fuel prices. Import developments have been the single most important determinant of swings in the current account, followed to a lesser extent by the impact of exports and grants.
Series:
Country Report No. 2008/291
Subject:
Balance of payments Current account Current account balance Current account deficits Foreign exchange Imports International trade Real effective exchange rates
English
Publication Date:
August 22, 2008
ISBN/ISSN:
9781451820393/1934-7685
Stock No:
1JOREA2008002
Pages:
26
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