Circular Regarding the Application of Final Financial Statement Models According to the Requirements of Standard No. 7 — CBJ — JO

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

Number: 9025
Date: 27/8/1428 AH
Corresponding to: 10/4/2007 AD

Subject: Financial Statements of Banks

Greetings,

Please be informed that the Central Bank of Jordan will apply final financial statement models in accordance with the requirements of Standard No. 7 concerning the disclosure of financial instruments, effective from the data ending the current year 2007. Accordingly, and since the application of standards specific to banks' financial statements falls upon the banks and their auditors, I emphasize the necessity of working and coordinating with your auditors to study this standard and take the necessary steps and procedures to implement it, referring to what we have previously mentioned on this subject in our letter No. (12341/10) dated 27/12/2006.

Please accept the highest regards,

Governor
Dr. Amieh Touqan

P.O. Box 37 ● Amman 11118 - Jordan ● Phone 301-463/9 ● Telegram Bankmer Cri/Amman ● Fax 21250, 21476, 21766 ● Fax 4638889, 4632973, 4613308