Strategies of the Jordan Banking System to Face Corona Pandemic Repercussions

Abstract

AbstractThis research aims to provide a brief statement of the Corona pandemic, and how the Jordan banking system which represented by the Central Bank, the Social Security Corporation, and the banks operating in Jordan, were able to confront this pandemic through strategies that enabled through multiple procedures and in coordination with the Social Security Corporation, which the researchers addressed in the research demands by explaining the concept of the Corona pandemic, And this effects On banking sector in Jordan and the role at Confrontation its repercussions, And the role the bank central of Jordan too at Confrontation repercussions and also the role of the Consumer Protection Department in facing these repercussions. This research showed some results, that the Central Bank and the banking sector in Jordan, in coordination with the Social Security Corporation, was able to bypass this pandemic crisis and keep the economy safe. The Consumer Protection Department had a clear role in confronting the Corona pandemic. The researchers recommend the Central Bank, the banking sector, and the Social Security Corporation to develop plans either in the form of measures or legislation that protects institutions and individuals, and the involvement of the private sector in these plans to confront any stage of this epidemic.KeywordsJordan banking systemCorona pandemicThe impact of Corona pandemicThe role of the government in facing the pandemicBanks roleCOVID-19Central Bank of Jordan