Abstract
This to explore the problems of export documentary letters of credit faced by Jordanian banks during the COVID-19 pandemic. Additional minor objectives included testing the relationship between these problems and each of the banks' sizes (large, medium, small) as well as their types (Islamic, traditional). To achieve these objectives, a questionnaire was designed and distributed to all publicly listed Jordanian banks. The results indicated that all 16 tested problems were significant. The most important issues identified were government closures hindering export activities, the existence of negative reflections on trading between countries, and the closure of some countries to their borders, which led to a decrease in exports. Furthermore, the results indicated that there were no significant differences among banks of different sizes or types. The exception noted was the significant differences among banks of varying sizes related to border closures during the pandemic, which were found to cause delays in the arrival of documents to importers and subsequent payment delays.
Recommended Citation
Ahmad, Ahmad; Daher, Ahmad ; Abdel-Jalil, Tawfiq; and Humaidat, Jum’a
(2023)
"Problems of Export Documentary Letters of Credit at Jordanian Banks During Coronavirus Pandemic (Covid-19): A Field Study,"
Jordan Journal of Applied Science-Humanities Series: Vol. 34:
Iss.
1, Article 9.
Available at:
https://digitalcommons.aaru.edu.jo/jjoas-h/vol34/iss1/9