Regulatory Alerts2019-09-30
Added · Updated
Central Bank of Jordan Circular on Extending Approval for Licensed Exchange Companies to Open Foreign Currency and Precious Metal Lines
The Central Bank of Jordan extends the validity of approvals granted to licensed exchange companies to open transaction lines in foreign currencies and precious metals with external parties until April 17, 2020, or until the issuance of new systems and regulations under the Exchange Business Law, whichever occurs first. This extension applies to approvals that were originally set to expire on October 17, 2019, or upon the issuance of stipulated regulations. Licensed exchange companies must continue to observe the provisions of Articles 20/d and 48/c of the Electronic Payment and Money Transfer System No. 111 of 2017 during this extended period.
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