The Central Bank of Jordan (CBJ) announced Sunday that the obligatory reserved volumes held at CBJ amounted to JD1.5billion with JD2.8billion as excess liquidity capital including the overnight window deposits.

The CBJ said on its website that the outstanding balance of one week certificate of deposits reached JD1 billion and will be matured on 05/05/2015.

It added that the value of overnight repurchase agreements (REPO) held with the CBJ was JD 6.7 million.

The reserve requirements are the amount of funds that a depository institution must hold in reserve at the Central Bank while the excess liquidity is the increase in deposits of banks held at the CBJ which are above the usual requirement (reserve requirements).