Regulatory Alerts2026-07-14
Added · Updated
Circular on Reduction of Mandatory Cash Reserve Requirements
The Central Bank of Jordan amends Article No. (2) of the Mandatory Cash Reserve Instructions No. (68/2016) to reduce reserve ratios for licensed banks to 7% for current and demand accounts and 5% for savings, notice, time deposits, and certificates of deposit. This circular applies to reserve requirements for April 2020, requiring paper-based statements and suspending data uploads to the Office Supervision System. Banks are authorized to obtain interest-free, collateral-free financing from the Central Bank for the value of the reserve reduction until the new rates take effect.
Topics
monetary
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