Jordan set out preparations to establish the Central Bank of Jordan (CBJ) in the late 1950s. The Law of the CBJ was enacted in 1959. Thereafter, its operational procedures were commenced on the first day of October 1964. The CBJ succeeded the Jordan Currency Board which had been established in 1950. The capital of the CBJ, which is totally owned by the government, was increased gradually, from one million to 18 million Jordanian Dinars. The CBJ enjoys the status of an independent and autonomous corporate body, although its capital is owned entirely by the government.
Vision:
To be one of the most capable central banks regionally and internationally in maintaining monetary stability and ensuring the soundness of the financial system thereby contributing to sustained economic growth in the Kingdom.
Mission:
Ensuring monetary and financial stability by maintaining price stability, protecting the value of the Jordanian Dinar and through an interest rate structure consistent with the level of economic activity thereby contributing toward an attractive investment environment and a sound macroeconomic environment.
Furthermore, the Central Bank of Jordan strives to ensure the safety and soundness of the banking system and the resilience of the national payments system. To this end, the Central Bank of Jordan adopts and implements effective monetary and financial policies and employs its human, technological, and financial recourses in an optimal manner in order to effectively achieve its objectives.
Values:
* Loyalty: Commitment and dedication to the institution, its staff and clients.
* Integrity: Seeking to achieve our organizational goals honestly and objectively.
* Excellence: Seeking to continuously improve our performance and deliver our services in accordance with international standards.
* Continuous Learning: Aspiring to continuously improve practical and academic skills to maintain a level of excellence in accordance with international best practices.
* Teamwork: Working together, on all levels of management, to achieve our national and organizational goals with a collective spirit of commitment.
* Transparency: Dissemination of information and knowledge, and the simplification of procedures and regulations in a comprehensible and professional manner.