The kingdom has closed borders and banned flights to and fom Jordan as of Tuesday, March 17th.
The Central Bank of Jordan announced support measures for troubled businesses and the languishing tourism industry due to the Coronavirus pandemic
AMMAN, JORDAN — March 15, 2020 — The kingdom on Saturday imposed measures to fight the outbreak, including a tighter lockdown that closes all borders and bans all incoming and outgoing flights as of Tuesday.
Additional proactive measures include school closings and banning daily prayers in mosques. These measures were imposed in deference to the fast spreading epidemic as has taken place in Egypt, Iraq, and Syria.
The government has assured the populace that they have a stockpile of commodities and essential goods that would last a half-year. Further, the borders have been kept open for commercial traffic.
Reuters was advised that Central Bank Governor Zaid Fariz that Jordan’s commercial banks were also asked to delay payments of loan installments by companies and to allow rescheduling of retail loans to ease losses by businesses and to help individual borrowers.
Additionally, the central bank slashed compulsory reserves for commercial banks to 5% from 7% to inject more than Jordanian Dinars (دينار أردني)(JOD) 500 million equivalent to USD $705 million) of extra liquidity to ease the present economic woes.
Officials have expressed concern that the tourism sector that generates approximately $5 billion annually will slash growth projections and deepen an anticipated economic downturn.
Jordan has closed all tourism sites, including it’s most visited attraction, the archeological city of Thousands of tourists have left the country in the last few days and hotels occupancy rates have fallen dramatically.