Circular Regarding the Increase of the Deposit Insurance Coverage Limit No. (13658/2/10) dated 2010/12/20

In the Name of Allah, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Number: 13658/2/10
Date: 14/1/1432 AH
Corresponding to: 20/12/2010 AD

Circular to all Licensed Banks
Members of the Deposit Insurance Corporation

Following our circular No. (12082/2/10) dated 2007/12/10, and in light of the decision of the esteemed Council of Ministers approving the increase of the maximum coverage limit from ten thousand Dinars to fifty thousand Dinars, and based on the provisions of Article (99/b) of Banking Law No. (28) of 2000 and its amendments, please instruct the concerned parties at your institutions to modify the statement shown below in the account statements sent periodically to your customers whose deposits are subject to the provisions of Paragraph (a) of Article (32) of the Deposit Insurance Corporation Law No. (33) of 2000, to become as stated below, effective from 2011/1/1:

"Our deposits are insured under the provisions of the Deposit Insurance Corporation Law with a maximum limit of fifty thousand Dinars."

Please accept our highest regards,

Governor
Fares Abdul Hamid Sharaf

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P.O. Box: 37 Amman 11118 Jordan • Phone: 4630301 • Fax: 4638889, 4639731, 4639732 • E-mail: info@cbj.gov.jo • Website: www.cbj.gov.jo (Form 10/2/12082) ---