Regulatory Alerts2015-08-30
Added · Updated
Circular Regarding the Maintenance of Foreign Currency Accounts by Exchange Companies Abroad
The Central Bank of Jordan requires licensed exchange companies to provide a list of all current foreign bank accounts and their locations, as well as details of previously approved foreign accounts that remain unfunded or have been closed, including closure dates. The directive mandates that companies submit this information to update the regulator's database and continue providing timely updates on any changes regarding these accounts.
In the name of Allah, the Most Gracious, the Most Merciful
Number: 9/3/1463 Date: 10/10/1436 AH Corresponding to: 6/7/2015 AD
Circular to Licensed Exchange Companies
Greetings,
With reference to our letter number (5872/7/2/9) dated 2007/6/6 and subsequently to our circular number (143/9/455) dated 2015/1/18 regarding the maintenance of foreign currency accounts by exchange companies abroad, and with the aim of updating our database of licensed exchange companies, please work on providing us with the following:
A- A list of names of all external banks (if any) in which the company currently holds accounts and their locations.
B- A list of names of all external banks (if any) for which you previously obtained approval from the Central Bank to hold accounts, and whose account opening procedures were not completed and/or with whom dealings were suspended, stating the closure date for each account.
Noting the necessity to continue providing us promptly with any new developments regarding this matter.
Please accept our highest regards,
Governor Dr. Ziad Fariz
P.O. Box 770 Amman 11118 - Jordan Phone +962 4630301 / 4638889 Fax +962 4639730 Website www.cbj.gov.jo Email info@cbj.gov.jo
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