Umayya Toukan, former governor of the Central Bank of Jordan, stands outside during a break in the morning session at the economic symposium.!
Governor, Central Bank of Jordan Umayya Toukan of Jordan
At the end of the opening ceremony, Dr Toukan met with Mr.
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Toukan said dropping the peg was 'not for discussion' but admitted that the kingdom might, at some point, start buying dollars with dinars in order to take upward pressure off its currency.
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It's not for discussion, Toukan said in an interview yesterday in Basel, Switzerland, where he's attending the Bank for International Settlements annual general meeting.
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Toukan has previously said inflation in Jordan is caused by higher fuel costs and not by the weaker dollar.
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Federal Reserve rate cuts, governor Umayya Toukan said on Thursday.
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governor Umayya Toukan said on Thursday.
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conference of the Islamic Financial Services Board.
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DUBAI: Jordan has no plans to revalue its dinar currency or sever the currency's peg to the weakening US dollar, its central bank governor Umayya Toukan said