Regulatory Alerts2024-01-02
Added · Updated
Circular No. 53/14/4/9 dated 2 January 2025 regarding final financial data requirements for 2024
The Central Bank of Jordan requires licensed exchange companies to submit their final financial data for 2024 by the end of March 2025, in compliance with IFRS and specific regulatory instructions. The circular mandates the use of specific foreign currency and precious metal exchange rates as of December 31, 2024, for valuation purposes. Companies must also submit detailed reports on their top five markets for both receiving and issuing remittances, including transaction volumes, revenues, and average commission rates. Failure to comply subjects the entities to penalties under Article 26 of the Exchange Business Law No. 44 of 2015.
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