AMMAN, Jordan, Sept. 28 (UPI) — The economic crisis hitting many countries around the world has wiped out the savings of many investors in Jordan, officials said.
Officials believe about 300 companies were set up in the country to invest in foreign stocks and Jordanians invested a total of $700 million, KUNA, the Kuwait News Agency reported.
Prime Minister Nader al-Dahabi said he is in discussion with officials and members of parliament about legislation to provide additional protection for investors. In the meantime, hundreds of people fear they have lost all their savings.
Panicked investors have been waiting outside the offices of the companies.
One man told KUNA that he, his family members and friends had lost a total of $500,000. He said they used all their savings and mortgaged property in hopes of a high return.
A factory worker said she put all her savings into foreign stocks. She said the loss at her age meant she has no hope of ever achieving financial security.