Central Bank of Jordan Circular on Extending Approval for Licensed Exchange Companies to Open Foreign Currency and Precious Metal Lines

Central Bank of Jordan

Reference No.: 14/3/9 / 12489 Date: 7 / 1 / 1441 AH Corresponding to: 6 / 9 / 2019 AD

Circular to Licensed Exchange Companies Subject: Extension of the validity of approvals granted to 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 2019/9/10, which includes approval to extend the period for regularization as stipulated in Article (31) of the Exchange Business Law No. (44) of 2015 for a period of six months ending on 2020/4/18, while observing the provisions of Articles (20/d) and (48/c) of the Electronic Payment and Money Transfer System No. (111) of 2017, and subsequently to the approvals granted to licensed exchange companies to open transaction lines in foreign currencies and precious metals with external parties in accordance with the applicable legislation regarding this matter (including acting as agents for quick money transfer services), which expire on 2019/10/17 or until the issuance of the systems and regulations stipulated in the current Exchange Business Law, whichever is earlier, we hereby inform you of the approval to extend the validity of those approvals under the same conditions until 2020/4/17 or until the issuance of the systems and regulations stipulated in the current Exchange Business Law, whichever is earlier, while observing the provisions of Articles (20/d) and (48/c) of the Electronic Payment and Money Transfer System No. (111) of 2017.

Please accept our highest regards,

The Governor Dr. Ziad Fries

P.O. Box 370, Amman 11118 - Jordan Tel: 9 * 4630301 / Fax: 4638889, 4639730 Website: www.cbj.gov.jo Email: info@cbj.gov.jo