jordan pulse -

Ahmed Abdelbaset Rjoub
Researcher and Strategic Planner

Amid circulating rumors about large sales of Jordanian gold, the Central Bank of Jordan revealed an increase in its gold reserves by 506 million dinars, bringing the total reserves to 4.763 billion dinars by the end of February 2025. This increase came despite rumors of gold sales worth 3 billion dinars, which were proven false according to official data. This was clearly reflected in the statistical data blog on the Central Bank’s website (www).

Official Data Reveals the Facts
According to the Central Bank of Jordan’s statistics, gold reserves rose from 4.257 billion JDs at the end of 2024 to 4.763 billion dinars by the end of February 2025. The quantity of gold held also increased from 2.304 million ounces to 2.318 million ounces during the same period. These figures indicate that the Central Bank did not sell large quantities of gold; on the contrary, it increased its reserves.
(1)
Gold as a Strategic Tool in the Global Economy
Gold is one of the most important strategic tools relied upon by central banks worldwide to enhance financial stability. In addition to being a store of value, gold helps diversify reserves and reduce risks associated with foreign currency fluctuations. In recent years, gold prices have seen a noticeable rise due to global economic instability, prompting many central banks to increase their gold reserves as a means to bolster confidence in their national economies.
Managing Gold Reserves: A Well-Calculated Monetary Strategy
In Jordan’s case, the Central Bank appears to have benefited from the rise in gold prices during the second half of 2024 and up to January/February 2025, selling 105,000 ounces in January/February 2025 and then repurchasing 100,000 ounces in February 2025. These operations reflect a flexible strategy in managing monetary reserves, involving the sale and purchase of gold in line with global market movements.
(2)
Comparison with Gold Management Policies in Other Countries
Regionally, many countries follow similar policies in managing their gold reserves. For example, Saudi Arabia and the UAE rely on gold as part of their strategy to diversify reserves and reduce dependence on foreign currencies. However, the proportions allocated to gold in reserves vary between countries based on their economic policies and priorities. In Jordan’s case, gold constitutes about 22.5% of total reserves, reflecting a balance between gold and foreign currencies.

(3)
False Rumors or a Deliberate Campaign?
Some circles circulated rumors that Jordan sold gold worth 3 billion dinars from its reserves. However, official data reveals that the Central Bank sold gold worth only 150 million dinars, which are routine operations aimed at profiting from rising gold prices. These operations are considered normal and are conducted periodically by central banks worldwide, where gold is sold when prices rise and repurchased when prices fall.
Foreign Currency and Gold Reserves
By the end of February 2025, Jordan’s total foreign currency and gold reserves stood at approximately USD 21.097 billion, compared to USD 21.015 billion at the end of 2023. The Central Bank’s foreign reserves are sufficient to cover the country’s imports of goods and services for up to 8.2 months, reflecting Jordan’s strong financial position and its ability to withstand economic challenges.
(4)
Why Aren’t All Sale or Purchase Operations Announced?
The Central Bank clarified that gold sale and purchase operations are routine measures conducted daily and do not require announcement. These operations aim to improve the composition of reserves between gold, foreign currencies, and Special Drawing Rights (SDRs). Therefore, exaggerating the interpretation of these operations by the public or non-economic experts may distort the true financial picture.
(5)
Analysis of the Rise in Gold Reserves and Its Role in National Economic Stability
The Central Bank of Jordan’s gold reserves saw a notable increase of 506 million dinars, reaching 4.763 billion dinars by the end of February 2025, compared to 4.257 billion dinars at the end of 2024, according to official statistics from the Central Bank of Jordan. These figures reflect financial stability that enhances confidence in the national economy, despite rumors of "large sales" of gold from Jordan’s reserves.
(6)
Gold Sales: Monetary Policy or a Fabricated Crisis?
Recently, inaccurate news spread claiming that the Central Bank of Jordan sold gold worth 3 billion dinars, which was denied by official data. In reality, the Bank sold only 150 million dinars worth of gold during January 2025, a normal operation that central banks worldwide resort to in order to benefit from rising prices and restructure reserves between gold and foreign currencies. Data also showed that the Central Bank repurchased 100,000 ounces in February 2025, indicating dynamic reserve management in response to market changes.
Why Are Gold Sales and Purchases Conducted?
Selling and buying gold is not an indicator of a financial crisis but a routine measure to ensure monetary stability. When gold prices rise, central banks sell part of their reserves to achieve profits and redistribute assets, and when prices fall, they repurchase to strengthen reserves. Diversifying reserves between gold, foreign currencies, and SDRs aims to reduce risks and achieve higher returns, which is part of a globally followed financial policy.
(7)
Conclusion: Financial Stability Despite Rumors
Financial Transparency and the Role of Economic Media .. It is essential to distinguish between economic analysis based on reliable data and rumors that may cause public concern. The financial transparency adopted by the Central Bank of Jordan enhances confidence in the national economy. However, it is crucial for the media to exercise caution when addressing such sensitive issues and rely on official information rather than inaccurate speculations.
In the end, the data issued by the Central Bank of Jordan proves that the talk of "large sales" of gold is inaccurate and that what occurred is part of the monetary reserve management policy adopted by countries to maintain the stability of their currency and economy. The rise in gold reserves reflects financial strength, not the opposite, confirming that Jordan is following a balanced economic approach despite external challenges.
The data indicates that the Central Bank of Jordan manages its gold reserves carefully and with a clear strategy, benefiting from global price fluctuations to strengthen its financial position. The rumors about large gold sales appear to be untrue, as official figures confirm an increase in reserves, not the opposite. This situation reflects the strength of Jordan’s financial policies and its ability to maintain national economic stability amid global challenges.