Circular Regarding the Application of Instructions No. 13007/5/10 Dated 2012/12/9 on Foreign Currency Assets/Liabilities Management

The Central Bank of Jordan classifies foreign currency swap contracts with the Jordanian Dinar that have a maturity of one year or less as money market instruments. This classification applies to licensed banks effective from the date of the circular.

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

Number: 13007/5/10
Date: 24/7/1434 AH
Corresponding to: 9/5/2013 AD

Circular to Licensed Banks

Greetings,

Based on the provisions of Article (99/b) of the Banking Law No. (28) of 2000 and its amendments, and for the purpose of applying the Instructions of the Management of Banks' Foreign Currency Assets/Liabilities No. (2000/179) dated 5/7/2000 and subsequent Instructions No. (2006/32) dated 6/12/2006, I have decided the following:

First: Consider foreign currency swap contracts with the Jordanian Dinar that do not exceed a maturity of one year as Money Market Instruments.

Second: Apply the above from its date.

Please accept the highest respect,

The Governor
Dr. Ziad Fariz

Website: www.cbj.gov.jo • E-mail: info@cbj.gov.jo • Fax: 4639721, 4639720, 4638886 • Phone: 4630201 • P.O. Box 27, Amman 11118, Jordan

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Lineage: In force

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Source: Central Bank of Jordan — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works