The Central Bank of Jordan (CBJ) announced the launch of a proactive precautionary package aimed at enhancing the resilience of the national economy, with a total volume reaching JD 760 million.
اضافة اعلان
These measures specifically target supporting the tourism sector, bolstering food security, and strengthening banking liquidity in light of regional and international developments. The package is distributed across the following pillars:
I. Enhancing Banking Liquidity
The CBJ re-injected approximately JD 700 million into the monetary market by reducing the compulsory reserve requirement by two percentage points on current and sight deposits at banks operating in the Kingdom. The rate is now 5% for commercial banks and 4% for Islamic banks.
This measure will provide banks with an estimated JD 300 million in additional loanable liquidity.
Furthermore, as a precautionary step, the CBJ gradually reduced the balance of Certificates of Deposit (CDs) issued since the outbreak of the Iranian-Israeli war in June 2025—from JD 550 million down to JD 150 million effective April 7, 2026. This resulted in re-injecting JD 400 million of loanable liquidity back into the monetary market.
II. Supporting the Tourism Sector
The CBJ provided concessional financing facilities with special terms—through banks—to tourism establishments significantly affected by current regional conditions. Provided under the CBJ Program for Financing Economic Sectors, these facilities aim to cover operating expenses, particularly employee salaries, to ensure business continuity and job preservation through the end of 2026. The government will bear the interest/returns accrued on the new advances/financing granted under this measure.
III. Bolstering Food Security
The CBJ provided JD 60 million in concessional financing with special terms, allocated exclusively for financing the import of basic food commodities. In cooperation with the Jordan Loan Guarantee Corporation (JLGC), a guarantee coverage of 85% was provided for advances/financing granted by banks under this specific CBJ program.
IV. Continuous Financing for Economic Sectors
The CBJ reaffirmed its commitment to providing concessional financing for all sectors included in the "CBJ Program for Financing Economic Sectors." Since its launch in 2011, the total amount granted through this program has reached approximately JD 2.7 billion, benefiting 3,868 projects and contributing to the creation of about 21,000 jobs.
The Central Bank of Jordan emphasized its continued close monitoring of regional and local economic developments and its readiness to take all necessary measures to maintain monetary and financial stability in the Kingdom. — (Al-Mamlaka)
