São Paulo – The Central Bank of Bahrain on Thursday (27) issued a circular to all retail banks and finance companies to provide the option of postponing loan repayments. The option to defer loan repayments for an additional period of six months applies to all individuals and companies until December 31, 2021.
Central Bank of Bahrain governor Rasheed Al Maraj stated that the arrangements were made in coordination with the country’s banking sector to support economic activities to deal with the repercussions of restrictions to curb the spread of coronavirus, state news agency BNA reported. Pictured above, people in the streets of the capital city of Manama.
Bahrain has announced the closure of all non-essential stores such as malls, restaurants and coffee shops starting from Thursday, June 10, 2021. Sports activities have also been forbidden. Schools and education institutions were closed, and 70% of the public sector is working remotely. Events and conferences will also be forbidden in the period, which can be revised according to the COVID-19 caseload count.
The Gulf country is committed to increase its capacity of daily vaccination doses and intensify the use of quick tests to identify and treat existing coronavirus cases.
With information from newspaper Al Arabiya.
Translated by Guilherme Miranda