Jordan News

The former Minister of Investment, Youssef Mansour, confirmed that it has nothing to do with the description of the former Minister of Labor and Minister of State for Investment Affairs, Dr. Maan Al-Qattamin, that the Jordanian economy is on its way to a state similar to the Lebanese economy and its collapse.

Mansour added in a public debate on the “Pulse of the Country” program on the “Roya” channel, this evening, Sunday, that we have nothing to do with the experience of Lebanon; Given the size of the debt, indicating that the size of Lebanon’s debt of the GDP is 158%, and Lebanon depends on its economy on four basic things.

He added that Lebanon depends in its economy first on Gulf support, Western support, tourism and remittances from expatriates, and therefore there are no longer huge amounts of dollars in the market and Lebanese banks.

Mansour pointed out that the Lebanese banks, in order to obtain the dollar, sought to motivate people through financial benefits, explaining that the financial engineering of the Central Bank of Lebanon was wrong, and it destroyed the economy.

He pointed out that the assets of the Central Bank of Jordan today amount to 60 billion dinars, and we have facilities worth 30 billion, and therefore the assets of the Central Bank are sufficient for nine months of imports, in addition to the efficiency of Jordanian capital.

Mansour added that the Jordanian banking sector is completely different from the Lebanese banking sector, stressing that Jordan is a country that does not depend on tourism for its economy, nor does it depend on remittances from expatriates, and this is a different scene from the state of the Lebanese economy.

He pointed out that the value of Jordan’s exports from the mining sector last year amounted to two and a half billion dinars.