VOL. XL

No. 27

7-July-1997

JORDAN

Jordan Lifts Foreign Exchange, Foreign Ownership Ceilings

Jordan's Higher Investment Council announced on 30 June that it had removed the 49%foreign ownership ceiling previously imposed on publicly-listed stocks from all but threesectors of the market construction, general retail trade and mining. The announcementfollowed an earlier decision by the Central Bank of Jordan to lift all foreign exchangecontrols, allowing Jordanians to move and hold unlimited...