Banking
Mandatory Reserve Deposit — Central Bank (CBJ)
Transferring the required cash reserve ratio to the Central Bank of Jordan.
| Account Name | Type | Debit ($) | Credit ($) |
|---|---|---|---|
| Mandatory Reserve at CBJ (Restricted) | Asset (+) | 8,000,000.00 | - |
| Cash / Nostro at CBJ | Asset (-) | - | 8,000,000.00 |
💡 Accountant's Note
The CBJ requires commercial banks to maintain a mandatory reserve (currently ~7% of deposits). This restricted cash earns no interest and represents a real cost of banking — reducing funds available for lending.
Professional Excel Template
Get the automated version of this entry. Includes built-in IFRS checks, VAT calculators, and SAP-ready upload formats.
QA
Expert Analysis by Qusai Ahmad
General Accountant Supervisor & IFRS Specialist
Specialized in SAP GUI automation and Middle Eastern tax compliance. Building digital tools for the next generation of finance leaders.