Dinar Demand Rises Amid Increased Expatriate RemittancesArmed Forces: There was clash with number of American destroyers and warships in Gulf of Aden and Bab al-Mandab

Amman: The Jordanian dinar is witnessing a bullish trend, driven by increased inflows from expatriate remittances and stronger commercial activity metrics. This upswing in the dinar's liquidity and demand was detailed in insights provided by Firas Sultan, the Financial and Banking Sector Representative at the Jordan Chamber of Commerce, also serving as its Second Vice President. Recent fiscal data from the Central Bank of Jordan underscores this economic narrative, showing a 1.4% year-over-year increment in expatriate remittances as of November 2023, summing up to $3.2 billion. This is a notable increase from the $3.133 billion recorded in the corresponding period of 2022. Sultan highlighted the pivotal role of these remittances in augmenting the Kingdom's foreign exchange reserves, catalyzing the forex market's fluidity, and underpinning the vitality of the domestic commercial sector. He further emphasized the strategic measures undertaken by the Central Bank of Jordan in sustaining the dinar's attractiv eness and exchange rate equilibrium against other major currencies, thus fortifying the entrenched pillars of monetary and banking stability in Jordan. Source: Jordan News Agency In vindication of the oppressed Palestinian people and in support and solidarity with our brothers in the Gaza Strip, and as a response to the American-British aggression on our country. A clash occurred today between a number of American destroyers and warships in the Gulf of Aden and Bab al-Mandab while they were protecting two American commercial ships. The result of the clash was as follows: -A direct hit on an American vessel. - Forcing the two American commercial vessels to withdraw and return. -Several of our ballistic missiles struck their targets despite warships' attempts to intercept them. The Yemeni military forces used a number of ballistic missiles during more than two-hour clashes. Yemeni Armed Forces persist with their military operations: enforcing a blockade on Israeli navigation in the Red and Arabian seas until a ceasefire is achieved in Gaza, and the imposed siege is lifted. The Yemeni Armed Forces affirm that they will take all necessary military procedure within the legitimate r ight of defense of our country, our people, and our nation, by targeting all hostile American and British targets in the Red and Arab seas. Source: Yemen News Agency