Regulatory Alerts2023-01-01
Circular No. 75: Fifth Issue of the 20 Jordanian Dinar Denomination
The Palestine Monetary Authority issued Circular No. 75/2023 requiring all Palestinian banks to immediately implement procedures for handling the Jordanian Central Bank's new fifth-series 20 Jordanian Dinar banknote. Banks must configure cash counting machines and ATMs to process and verify the new notes alongside existing currency, train employees on the updated security features to detect counterfeiting, and educate customers about the new banknote's key security characteristics. Institutions are directed to consult the provided Central Bank of Jordan link for detailed information on the new currency's security elements.
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (75 / 2023) To all banks operating in Palestine Date: Thursday, March 23, 2023
Subject: Fifth Issue of the 20 Jordanian Dinar Denomination
In light of the Central Bank of Jordan issuing a new fifth series of the 20 Jordanian Dinar banknote. Immediate measures are requested to accept transactions with the new issue; including:
- Preparing counting and automated teller machines (ATMs) to accept counting and inspecting the new series of banknotes alongside the current series of the same currency.
- Training staff on the currency's security features to enable the detection of any forgery or counterfeiting.
- Educating customers about the new issue and its prominent security features.
Reference may also be made to the electronic link below to review the security features of the new banknote.
Supervision Group 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: 2415251 2 970+ | Fax: 2415310 2 970+ | info@pma.ps Gaza - Palestine P.O. Box 4026 Tel: 2825713 8 970+ | Fax: 2844487 8 970+