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at the end of 1987 the Dinar was
revalued but not devaluated because foreign exchange
reserves were very low and the equivalent of 4 times
Jordan's GDP of Joranian capital was held abroad had
caused this decision. Can you explain this and if the
JD went down- by how much and why?
Also, if you happen to remember some other reasons of
why the gov't wants to keep wages low or why their
still low

2007-03-22 13:14:22 · 2 answers · asked by Jordan economic researcher 1 in Social Science Economics

2 answers

If wages stay low, the prices remain low which increases exports and foreign trade.

2007-03-22 16:15:27 · answer #1 · answered by Santa Barbara 7 · 0 0

the goverment is thinking now of binding the JD with the euro right now

2007-03-26 11:32:52 · answer #2 · answered by Jordanian 3 · 0 0

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