Emerging Markets Rates and Currencies Handbook

Jordan (JOD - Jordanian Dinar) Citi in Jordan Citibank, N.A. Amman, Jordan was established in 1974, and is a fully licensed commercial bank having one branch in the capital Amman. Citi Jordan is the only commercial US bank in the country providing a full array of key corporate and investment banking products and services including Citi Transaction Services (Trade Finance, Cash Management); Markets (Foreign Exchange; Derivatives & Hedging Solutions); Loans and Overdrafts; Corporate Finance; and Investment Banking. Market Overview JOD is a fully convertible currency, and has been pegged to USD since 1995. JOD is pegged to USD in a narrow range (0.70800- 0.71000) and onshore banks are not allowed to price outside the peg. USD is the most tradable currency against JOD followed by GCC currencies and Euro. Central Bank of Jordan provides liquidity at all times, as long as the request is for a genuine transaction and not for speculative purposes, at a fixed bid and offer rate with spot value date. No Onshore Derivative IR market. Convertibility Fully Convertible. No underlying documentation required for FX. 99