Jordan confirmed 12 new cases of the coronavirus on Sunday, as the central bank ...
AMMAN - Jordan confirmed 12 new cases of the coronavirus on Sunday, as the central bank announced measures to help troubled businesses and a tourism sector hit hard by the impact of the crisis.
Jordanian officials say the unprecedented measures, which also include closing schools and banning daily prayers in mosques were taken as the epidemic is spreading fast in neighboring Egypt, Syria and Iraq. Central Bank Governor Zaid Fariz told Reuters that Jordan’s commercial banks were also asked to delay payments of loan installments by companies and to allow the rescheduling of retail loans to ease losses by businesses and help individual borrowers.[L8N2B80ZA]
In another move, the central bank slashed compulsory reserves for commercial banks to 5% from 7% to inject more than 500 million dinars of extra liquidity to ease the economy’s woes. The move was the first in nearly a decade, he added.
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