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
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2 answers
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asked by
Jordan economic researcher
1
in
Social Science
➔ Economics