Circular Regarding Frozen Deposits No. (6807/10) dated 2003/5/5

Form (1/1/10/110)

In the name of Allah, the Most Gracious, the Most Merciful

[Logo of the Central Bank of Jordan]

Number: 10 / 6807
Date: 2 / 3 / 1424 AH
Corresponding to: 5 / 5 / 2003 AD

Greetings,

Based on the decision of the esteemed Cabinet issued in its meeting held on 24 / 4 / 2003, establishing the Frozen Deposits Management Fund pursuant to Article (4/A) of Temporary Law No. (33) of 2003, and based on the decision of the esteemed Cabinet issued in its meeting held on 24 / 4 / 2003 to freeze the deposits listed in the attached schedules, and in light of the letter from the Chairman of the Fund Committee / the Honorable Minister of Finance No. (21/1/16/3995) dated 4 / 5 / 2003; it has been decided as follows:

First: The Bank shall fix the balances of deposit accounts held in its name for any of the entities listed below, as of the beginning of the business day on 24 / 4 / 2003:

• The Iraqi Government.
• Any Iraqi ministry.
• Any Iraqi public institution.
• Any other official entity affiliated with the Iraqi Government.
• Any natural person who holds or has held a public office in any of the aforementioned entities.
• Persons whose names are listed in the attached schedule.

Second (a): The Bank shall open primary accounts bearing the name "Frozen Deposits Management Fund" as follows:

• A Dinars account.
• A US Dollars account.
• A Euros account.
  In the event of deposits in other currencies, an account shall be opened in the name of the Fund, specific to each currency. The accounts specified in "First" above shall be opened as sub-accounts under the primary account, provided that these accounts continue to accrue interest according to the terms of the original account openings.

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Central Bank of Jordan
CENTRAL BANK OF JORDAN

(b) The Bank shall transfer the balances of all deposits referred to in "First" above, each in its respective currency, to the accounts specified in (a) of this item.

(c) The Central Bank shall be notified of the account numbers mentioned, and it shall be provided with transfer notifications for the deposits of the entities referred to in "First" above to those accounts, where the Central Bank will maintain corresponding records for these deposits in the name of the Fund.

(d) The Central Bank shall be provided with statements for all accounts as they stand at the end of each week.

Third: The management of the Fund's accounts shall be undertaken by the special committee stipulated in Article (5/A) of the Temporary Law referred to in the preamble of this letter.

Please accept our highest regards,

The Governor
Dr. Ameya Touqan

Attached: Number (1)

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Central Bank of Jordan
CENTRAL BANK OF JORDAN

Attachment to our letter No. (10 / 6807) dated 5 / 5 / 2003 ---------------------------------------

• Jasim Ahmed Hassan and Hashim Karim Abbas.
• Jasim Ahmed Hassan and Hisham Karim Abbas.
• Saddam Zain Hassan and Yaqzan Hassan Ibrahim.
• Ali Jumaa Khalaf and Sami Bashar Jar Allah.
• The Arab Chemical Company for Detergents.
• Babylon Company.
• The General Tourism Authority.
• Muhammad Saleh Abdul Rahim Saleh.
• Sherin Hassoun Aziz / Ideas Office for Trade.
• Jasim Ahmed Hassan.
• Hashim Karim Abbas.
• Hisham Karim Abbas.
• Ali Jumaa Khalaf.
• Sami Bashar Jar Allah.
• Saddam Zain Hassan.
• Yaqzan Hassan Ibrahim.

Any other accounts in which one of the names mentioned above is a party.

Form (1/1/09)