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Rule · CBJ · 5 Aug 2008

Circular Regarding Statistical Data Related to the Jordanian Balance of Payments No. (10-2-2-8266) dated 5-8-2008

disclosure
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The Central Bank of Jordan mandates licensed banks to adopt Forms 18/6/8 and 19/6/8 while discontinuing Forms 15/6/8 and 13/6/8, requiring the continued submission of the latter for six months for comparison purposes until February 2009 data. Banks must adhere to attached definitions, particularly regarding residency, when completing these forms and must ensure their foreign correspondents provide accurate information on the purpose of incoming remittances. These requirements become effective for September 2008 data.

JordanCentral Bank of Jordan

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

Central Bank of Jordan Logo

Number: 8466
Date: 20/8/1429 AH
Corresponding Date: 20/8/2008 AD

Circular to Licensed Banks

Based on the provisions of Article (50/A) of the Central Bank Law and following our memorandum No. (96/764) dated 22/9/1996, and within the framework of the Central Bank's efforts to improve the quality of disseminated statistical data, particularly those related to the Jordanian Balance of Payments (specifically the workers' remittances item), to keep pace with local and international economic developments, I have decided the following:

  1. Adoption of Forms No. (18/6/8) and (19/6/8) and cancellation of Forms No. (15/6/8) and (13/6/8), provided that they continue to be supplied with data for a period of six months for comparison purposes (i.e., up to the data for February 2009).

  2. Adherence to the definitions contained in the attached list regarding incoming and outgoing remittances when filling out the forms mentioned in item (1) above, especially the definition of the concept of residency.

  3. Emphasizing to all your correspondents abroad the necessity of providing accurate information regarding the purpose of incoming remittances.

  4. This circular shall be implemented effective from the data for September 2008.

Please accept the highest regards,

Governor
Dr. Amieh Salah Touqan

  • Attachment
    C.R. Circular Balance of Payments - Aida

Amman 11118 Jordan • Phone: 4630201 • Fax: 4638889 • Website: www.cbj.gov.jo • Email: info@cbj.gov.jo

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