Which institution has served as Jordan’s central bank since it began operations in 1964?

The Central Bank of Jordan has served as Jordan’s central bank since it began operations in 1964.

Jordan established the institution through the Central Bank of Jordan Law of 1963, and it commenced operations in 1964. Its creation gave the country a dedicated authority for monetary policy, currency issuance, banking supervision, and management of official reserves.

The Central Bank of Jordan issues Jordanian banknotes and coins and works to preserve monetary and financial stability. It also regulates banks and other financial institutions, manages the country’s foreign-exchange reserves, and acts as banker and fiscal agent to the Jordanian government.

The bank should not be confused with commercial institutions such as Arab Bank, which was founded in Jerusalem in 1930 and is headquartered in Amman. Jordan’s official currency is the Jordanian dinar, divided into 1,000 fils. The central bank’s headquarters are in Amman.