Circular to Licensed Exchange Companies Regarding Extension of Approval for Foreign Currency and Precious Metal Lines

Central Bank of Jordan

Reference No.: 13769 / 9 / 14 / 1439 AH Date: 27 / 1 / 1439 AH Corresponding to: 17 / 10 / 2017 AD

Circular to Licensed Exchange Companies Subject: Extension of the validity of approvals granted to exchange companies to open lines for dealing in foreign currencies and precious metals with external parties

Greetings,

Based on the Board of Directors' decision dated 2017/10/10, which includes approval to extend the compliance period stipulated in Article (31) of the Exchange Business Law No. (44) of 2015 for a period of six months ending on 2018/4/18, and subsequently to the approvals granted to licensed exchange companies to open transaction lines in foreign currencies and precious metals with external parties in accordance with the relevant prevailing legislation (including acting as agents for remittance services), which expire on 2017/10/17 or until the issuance of the systems and regulations stipulated in the prevailing Exchange Business Law, whichever is earlier, we hereby inform you of the approval to extend the validity of those approvals under the same conditions until 2018/4/17 or until the issuance of the systems and regulations stipulated in the prevailing Exchange Business Law, whichever is earlier.

Please accept our highest regards,

The Governor Dr. Ziad Frieze

P.O. Box 370, Amman 11118 - Jordan, Phone: +962 4630301 / Fax: 4638889, 4639730, Website: www.cbj.gov.jo, Email: info@cbj.gov.jo