VOL. XXXI

NO. 39

4-JULY-1988

Financial and Banking News

REGIONAL BANKING

Jordan Restricts Moneychangers' Activities

The Central Bank of Jordan on 26 June announced new regulations coveringthe use of foreign exchange which have had the effect of restrictingmoneychangers' activities in the country. An existing rule is now being enforcedwhich forbids moneychangers to issue checks on foreign currency accountsheld outside the country, effectively forcing them to use accounts at localbanks and therefore...