Regulatory Alerts2020-09-07
Added · Updated
Central Bank of Jordan Circular No. 16/3 on Tourism Sector Support
The Central Bank of Jordan authorizes licensed banks to include financing for salaries, rents, and operational expenses of leading tourism offices within its economic sector support program, utilizing a total pool of 1.2 billion Dinars. Each office is subject to a loan ceiling of 250,000 Dinars, restricted strictly to covering salaries and operational costs. Banks must disburse funds based on accounting entries or transfer orders and are required to submit employee salary statements from the Social Security Corporation and proof of disbursement to the Central Bank.
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