Regulatory Alerts2023-01-01
Lending-2023- Circular No. 39 Fifth Issue of the 50 Jordanian Dinar Denomination
The Palestine Monetary Authority issued Circular No. 39 (2023) mandating all specialized lending institutions in Palestine to immediately adopt procedures for the Central Bank of Jordan's newly released fifth series 50 Jordanian Dinar banknotes. Institutions must configure counting and inspection machines to process the new series alongside existing notes, while training personnel on security features to accurately identify counterfeits. The directive further directs compliance officers to an official online portal detailing the new banknote's security markers for ongoing reference.
Palestine Monetary Authority
Circular No. (39 / 2023) To all specialized lending institutions operating in Palestine Date: Sunday, 12 February 2023
Subject: The Fifth Issue of the (50) Jordanian Dinar Denomination
In light of the Central Bank of Jordan issuing a new fifth series banknote in the (50) Jordanian Dinar denomination, immediate measures are requested to accept transactions with the new issue; including:
- Preparing machines to count and inspect the new series of banknotes alongside the current series of the same denomination.
- Training staff on the security features of the currency to enable the identification of any forgery or counterfeiting.
Reference may also be made to the electronic link below to review the security features of the new banknotes.
Supervision Group Palestine Monetary Authority
https://www.cbj.gov.jo/Pages/viewpage.aspx?pageID=1449