Circular No. 6012: Extension of Approvals for Licensed Exchange Companies to Open Foreign Currency and Precious Metal Lines

[Logo of the Central Bank of Jordan]

Number: 6012
Date: 24/8/1441 AH
Corresponding to: 16/4/2020 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 5/4/2020, which included approval to extend the period for regularization as stipulated in the provisions of Article (31) of the Exchange Business Law No. (44) of 2015 for a period of six months ending on 18/10/2020, 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 in this regard (including dealing as agents for remittance services) which expire on 17/4/2020 or until the issuance of the systems and regulations stipulated in the current Exchange Business Law, whichever is earlier, we inform you of the approval to extend the validity of those approvals under the same conditions until 17/10/2020 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 Faris

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P.O. Box 37, Amman 11118 - Jordan Phone 9/4630301 4638889 4639730 Website www.cbj.gov.jo Email info@cbj.gov.jo

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