jordan pulse -
An official circular issued by the Central Bank of Jordan revealed the reactivation of one of the main conditions imposed on exchange companies operating in the Kingdom, to deal with incoming and outgoing financial transfers to Syria.
It stipulates that the Central Bank of Jordan should activate a decision stating the following:
“The exchange company shall not carry out any transactions for the benefit of clients of external exchange companies (third parties) within the framework of its dealings with the Syrian company, and that the real beneficiary in the case of incoming transfers must be located in Jordan and in the case of remittances The export is in Syria.”
Jordan had decided in late March of last year, 2023, to stop implementing this condition, as it came in line with the national efforts aimed at supporting those affected by the earthquake in the Syrian Arab Republic at that time.
This also comes out of the Central Bank of Jordan's keenness for licensed exchange companies to provide safe and sound services and avoid relevant international sanctions.
The Central Bank, in its new circular at the beginning of 2024, emphasized the exchange companies operating in Jordan; It is necessary to fully adhere to not carrying out transactions for the benefit of clients of external companies (third parties) within the framework of their dealings with Syrian companies, and to fully adhere to the conditions of approvals notified to companies in this regard.