Regulatory Alerts2020-07-26
Added · Updated
Circular on the Transfer of Monthly Salaries Due to Teachers in Private Educational Institutions
The Central Bank of Jordan directs banks to facilitate the authentication of data in a standardized form submitted by private educational institutions. This form, which lists teacher names, bank account details, and identification numbers, must be provided to the Ministry of Education to renew the institution's annual license. The requirement enforces the obligation for private schools to transfer teachers' monthly salaries to bank accounts or electronic wallets as mandated by the Private and Foreign Educational Institutions Establishment and Licensing System.
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