The Governor of the Central Bank of Jordan, Dr. Ziyad Fariz, stressed that "the financial situation of Jordan is good, our banking system is working efficiently, our reserves are sufficient, and the Jordanian dinar is fine."
Fariz explained that the cash flow is sufficient in banks, and liquidity was pumped into it after the decision to open the banks again “as the situation was normal and good, and deposits after the lifting of the ban were more than withdrawals."
He also emphasized that the decision of the Central Bank made since the beginning of the crisis of the spread of Coronavirus was clear and required to postpone the credit facilities granted to customers of economic sectors in general and affected by the crisis, to postpone it urgently without adding any interest or sums of money to it.
As for personal loans and housing installments, Fariz pointed out that customers can schedule their loans and their installments first and second time, without cash additions, provided that it was affected by the crisis, "Indeed, the banks worked to postpone the installments and loans for some of the affected clients, while the unaffected and current salaries were counseled on the matter."
As for the total measures taken by the Central Bank to maintain the Jordanian economy and the various economic sectors, Fariz explained that the “Central” has allocated 1 billion and 200 thousand dinars to support the economic projects since the beginning of the crisis, and the interest rate has also been reduced and payment periods have been extended.
Source (Al-Dustour Newspaper-Jordan, Edited)
