IMF report argues for dollar peg change in Jordan

An IMF working paper has recommended Lebanon and Jordan carefully consider pegging their currencies to the euro or for a peg to a basket of currencies, as opposed to the current US dollar peg. "Both Lebanon and Jordan are vulnerable to a number of real and external shocks, which may increase in importance over time", the paper warns.

Source: Daily Star

A senior researcher at the International Monetary Fund (IMF) independently recommended Lebanon and Jordan not to peg their currencies to the US

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