Regulatory Alerts2023-01-01
Circular No. 45/2023: Issuance of the Fifth Series of the 50 Jordanian Dinar Banknote
The Palestine Monetary Authority issued Circular No. 45/2023 to mandate immediate operational adjustments for all money changers in Palestine regarding the Central Bank of Jordan's new fifth series of the 50 Jordanian Dinar banknote. The directive requires institutions to update counting and verification equipment to process both the new and existing series, train staff on the updated security features to detect counterfeiting, and actively inform customers about the new currency's characteristics. Money changers are further instructed to consult the provided Central Bank of Jordan link for detailed information on the banknote's security elements.
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (45/2023) To All Money Changers Operating in Palestine Date: Sunday, 12 February 2023
Subject: Issuance of the Fifth Series of the 50 Jordanian Dinar Banknote
In light of the Central Bank of Jordan issuing a new fifth series of the 50 Jordanian Dinar banknote, immediate measures are requested to accept transactions with the new series, including:
- Preparing machines to count and verify the new series of banknotes alongside the current series of the same denomination.
- Training staff on the currency's security features to enable the detection of any forgery or counterfeiting.
- Informing customers about the new series and its key security features.
You may also refer to the electronic link below to review the security features of the new banknote.
Supervision Department Palestine Monetary Authority
https://www.cbj.gov.jo/Pages/viewpage.aspx?pageID=1449
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps Gaza - Palestine P.O. Box 4026 Tel: +970 8 2825713 | Fax: +970 8 2844487