Circular Regarding Jordanian Cooperative Institution No. 11155/4/2/10 dated 2015/9/8

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

[Logo of the Central Bank of Jordan]

Number: 11155
Date: 24/10/1436 AH
Corresponding to: 8/9/2015 AD

Circular to Banks Operating in the Kingdom

Greetings,

We enclose herewith a copy of the letter from the Jordanian Cooperative Institution No. (2895/6/3/3) dated 22/7/2015, for your action according to the proper procedures.

Please accept our highest respect,

The Central Bank of Jordan

Enclosed.

• A copy to the Director General of the Jordanian Cooperative Institution.

P.O. Box 37, Amman 11118 - Jordan Tel. 4630301 Fax 4638889 4638244 Website: www.cbj.gov.jo Email: info@cbj.gov.jo

In the Name of Allah, the Most Gracious, the Most Merciful Jordanian Cooperative Institution Amman Jordan Co - Operative Corp. Amman

Number: 2895/6/3/3
Date:
Corresponding to: 22/7/2015

His Excellency the Governor of the Central Bank Subject: Deposits in Accounts of Cooperative Societies with Non-Jordanian Sources

In accordance with the provisions of Article 17/B of Cooperative Law No. 18 of 1997, which stipulates that cooperative societies must obtain the approval of the Cabinet of Ministers to accept donations, gifts, assistance, and bequests if they are from a non-Jordanian source.

We kindly request your excellency to instruct local banks not to accept any funds transferred to the accounts of cooperative societies held by them if they are from a non-Jordanian source, nor to accept deposits of checks drawn on non-Jordanian foreign institutions, without the approval of the Jordanian Cooperative Institution based on the approval of the Cabinet of Ministers.

Please accept our highest respect,

Director General
Engineer Mahmoud Al-Jomani

[Stamp: Central Bank of Jordan - Administrative Department - Correspondence and Documentation Section - 26 July 2015 - Serial Number: 8500 - Department: ...]

Amman - Tel.: 5665170 / 76 - Fax: 5686902 - P.O.Box: 1343 - Cable Address: "Aloun" - Amman - Jordan Amman - Tel. 5665170 / 76 - Fax: 5686902 - P.O.Box: 1343 - Cable Address "Aloun" - Amman - Jordan E-mail: AlounJcc@nic.net.jo Web site: www.jcc.gov.jo