Regulatory Alerts2020-10-28
Added · Updated
Central Bank of Jordan Circular on Extension of Foreign Exchange and Precious Metal Trading Line Approvals
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, 2021, or until the issuance of new systems under the Exchange Business Law, whichever occurs first. This extension applies to approvals previously set to expire on October 17, 2020, and requires continued compliance with Articles 20/d and 48/j of the Electronic Payment and Money Transfer System No. 111 of 2017, as well as Article 15/b of the Instructions for Approving Global Electronic Payment Systems No. 2020/3.
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