Rule · CBJ · 22 Jan 1990

Circular No. 90/18 dated 1990/1/22 regarding the adoption of the average free market price for foreign currency sales and purchases

Banks are required to adopt the average free market price for foreign currency transactions for assets and liabilities as of December 31, 1989, for the purpose of preparing the 1989 financial statements and public budget. This requirement applies to all banks, including those submitting monthly statements or daily transaction records, and supersedes previous circulars. Additionally, the preparation of daily transaction records for foreign currency sales and purchases was mandated by Circular No. 90/22 dated January 29, 1990.

JordanCentral Bank of Jordan

Circular No. (90/18) dated 1990/1/22

Please adopt the average free market price for the sale and purchase of foreign currencies as of December 31, 1989, for the purpose of preparing your assets and liabilities and the final accounts and public budget statements for the financial year ending December 31, 1989.

This applies to all banks submitting their assets and liabilities and foreign currency transactions as of the end of each month, whether in the form of statements of transactions or balance sheets, and to consider this circular as a replacement for the aforementioned circulars, dated January 1, 1990.

Also, the preparation of daily records of foreign currency sales and purchases was added to you pursuant to Circular No. (90/22) dated 1990/1/29.

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