Regulatory Alerts2023-02-23
Added · Updated
Circular to Licensed Money Exchange Companies Regarding Foreign Currency Valuation
The Central Bank of Jordan requires licensed money exchange companies to evaluate their foreign currency assets and liabilities in their 2022 final financial statements in accordance with International Accounting Standards. This directive addresses notable fluctuations in exchange rates for certain currencies and reinforces the requirements of Circular No. 45/14/3/9 dated January 20, 2023. The regulation applies specifically to licensed money exchange entities submitting their annual financial reports.
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