Regulatory Alerts2020-04-16
Added · Updated
Circular No. 6012: Extension of Approvals for Licensed Exchange Companies to Open Foreign Currency and Precious Metal Lines
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 17/10/2020 or until the issuance of new systems and regulations under the Exchange Business Law, whichever is earlier. This extension applies to approvals that expired on 17/4/2020 and maintains the requirement to observe Articles 20/d and 48/c of the Electronic Payment and Money Transfer System No. 111 of 2017.
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