AMMAN —
Banks’ deferment of loan repayment in June will reflect “positively” on
domestic commercial activity, a businessman said, according to the Jordan News
Agency, Petra.
اضافة اعلان
Raed Al-Hamadeh, the representative of the
foodstuff sector in the
Jordan Chamber of Commerce, said in a statement Saturday
that the move will see a flow of cash to the local market estimated at JD200
million.
He said the liquidity will revive Jordan’s
commercial and service sectors and stimulate the economy.
The decision will boost the citizens’
purchasing power by providing liquidity, which will increase the demand for
purchasing goods, he pointed out.
He said the deferring loan repayments until
after
Eid Al-Adha, or the feast of Sacrifice, will also enable people to buy
the goods and services they need during the holiday, primarily hospitality
commodities.
As for the impact of citizens’ envisaged
spending, he said Jordan’s commercial and service sector is counting on the
coming days to revive the commercial movement and overcome the weak trading
during the past months.
He said Jordan’s food sector needs more
liquidity and that importers desire easier financing terms to sustain market
supply operations and meet the local strategic food stocks.
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