Central Bank of Jordan Circular No. 14/3/9: Extension of Approval for Licensed Exchange Companies to Open Foreign Currency and Precious Metal Lines

Central Bank of Jordan

Reference No.: 14/3/9 Date: 23/7/1439 AH Corresponding to: 9/4/2018 AD 5045

Circular to Licensed Exchange Companies Subject: Extension of the validity of approvals granted to licensed exchange companies to open lines for dealing in foreign currencies and precious metals with external parties

Greetings,

Based on the decision of the Board of Directors of the Central Bank dated 29/3/2018, which includes approval to extend the duration of the compliance period stipulated in Article (31) of the Exchange Business Law No. (44) of 2015 for a period of six months ending on 18/10/2018, and subsequently regarding the approvals granted to licensed exchange companies to open transaction lines in foreign currencies and precious metals with external parties in accordance with the relevant prevailing legislation (including acting as agents for rapid money transfer services), which expire on 17/4/2018 or until the issuance of the systems and regulations stipulated in the prevailing Exchange Business Law, whichever is earlier, we inform you of the approval to extend the validity of those approvals under the same conditions until 17/10/2018 or until the issuance of the systems and regulations stipulated in the prevailing Exchange Business Law, whichever is earlier.

Please accept our highest respect,

The Governor Dr. Ziad Fariz

P.O. Box 37, Amman 11118 - Jordan Phone: +962 6 4630301 * Fax: 4638889, 4639730 Website: www.cbj.gov.jo Email: info@cbj.gov.jo