Regulatory Alerts2019-02-03
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Central Bank of Jordan Circular on Extending Circular 10/16617
The Central Bank of Jordan extends the implementation of Circular No. 10/16617, originally dated 18/12/2017. This directive applies to all licensed banks and mandates the continuation of measures addressing the repercussions of the global financial crisis. The extension remains in effect as of the circular's issuance date of 26/12/2018.
In the name of Allah, the Most Gracious, the Most Merciful
Central Bank of Jordan
Number: 10/ 17360 Date: 18 / 4 / 1440 AH Corresponding to: 26 / 12 / 2018 AD
Circular to all Licensed Banks
Continuing the measures taken by the Central Bank of Jordan to address the repercussions of the global financial crisis and considering the circumstances the region is currently experiencing in particular and the world in general, I have decided to extend the implementation of our Circular No. (10/ 16617) dated 18/12/2017.
In this context, we wish to highlight that the Central Bank will continue its approach of monitoring the review of its issued instructions and making any modifications necessitated by the circumstances to serve the national economy, in accordance with international standards and sound banking practices.
Please accept our highest regards,...
Governor Dr. Ziad Friez