Jan. 22 (Bloomberg) -- Jordan’s foreign currency reserves and remittances from expatriates declined last year due to regional unrest, Al Arab Al Yawm reported.
Foreign currency reserves declined 12.3 percent to $10.7 billion in 2011 from $12.2 billion the previous year, the newspaper reported, citing official figures.
Remittances dropped 5.2 percent to 2.402 billion dinars ($3.4 billion) in 2011 from 2.585 billion dinars. The remittances, mostly from workers residing in Gulf states, support the kingdom’s economy, particularly the real estate industry, it said.
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