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

Reference No.: 14/3/9 / 13435 Date: 9/1/1440 AH Corresponding to: 9/9/2018 AD

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

Greetings,

Based on the decision of the Board of Directors of the Central Bank dated 2018/9/2, which includes approval to extend the compliance period stipulated in Article (31) of the Money Exchange Business Law No. (44) of 2015 for a period of six months ending on 2019/4/18, and subsequently to the approvals granted to licensed money 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 fast money transfer services), which expire on 2018/10/17 or until the issuance of the systems and regulations stipulated in the prevailing Money Exchange Business Law, whichever is earlier, we inform you of the approval to extend the validity of those approvals under the same conditions until 2019/4/17 or until the issuance of the systems and regulations stipulated in the prevailing Money Exchange Business Law, whichever is earlier.

Please accept our highest regards,

The Governor
Dr. Ziad Fariz

P.O. Box 37, Amman 11118 - Jordan Tel: 9 * 4630301 / Fax: 4638889, 4637973 Website: www.cbj.gov.jo Email: info@cbj.gov.jo