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Topic: Central Bank of Jordan


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In the News (Thu 9 Jul 09)

  
  Central Bank of Jordan - Wikipedia, the free encyclopedia
The Central Bank of Jordan is a government-owned bank in Jordan whose main duties include the release and distribution of the Jordanian currency and the maintenance of a national reserve of gold and foreign currencies.
The bank also maintains and insures the safety of the banking environment in Jordan.
 This bank, insurance, or other financial services corporation article is a stub.
en.wikipedia.org /wiki/Central_Bank_of_Jordan   (102 words)

  
 Jordan Central Bank prods banks to expand role
Fariz criticised the country's 22 private banks for doing little to respond to reforms introduced by the bank in recent years such as the removal of foreign exchange controls, the strengthening of banking supervision and the deepening of the domestic capital market.
CBJ is cushioned by a nearly doubling of foreign reserves to a record $1.9 billion since a crisis triggered earlier this year in the run up to the death of King Hussein.
CBJ has traditionally incurred the cost of absorbing excess liquidity to preserve monetary stability through its bi-monthly CD auctions, which have come to play in the absence of an active government securities market a critical quasi-fiscal role.
www.jordanembassyus.org /112299008.htm   (539 words)

  
 i-Newswire.com - Press Release And News Distribution - Central Bank of Jordan Signs with ProgressSoft the Electronic ...   (Site not responding. Last check: 2007-09-22)
As of this moment the Jordanian banks will be engaged in a smooth transition from a manual to a fully automated and electronic cheque clearing process, starting with professional business process reengineering, customization, deployment, systems integration, staff training, acceptance and ongoing support plans, all conducted and supervised by certified professionals and project managers.
The solution was the world’s first to be introduced in international banking and financial exhibitions and conferences causing a stir among banking delegates and executives.
Jordan placed itself two steps ahead adopting this advanced solution, opening a world of new services and opportunities, by digitizing the exhausting and cumbersome process of manual cheque clearing.
i-newswire.com /pr1199.html   (754 words)

  
 Jordan: Central Bank governor describes interest rates as fair, urges banks to finance large projects - Zawya.com | ...
AMMAN — Central Bank of Jordan (CBJ) Governor Umayya Touqan played down criticism levelled against local banks for imposing high interest rates saying they were close to other banks in the region.
Touqan highlighted the fiscal policy pursued by the CBJ during the past few years noting that it has raised the foreign reserve to a record level as well as enhanced the liquidity in the market.
The governor urged local banks to take part in financing energy, water and other large projects which the government is planning to launch in addition to those included in the socio-economic plan.
www.zawya.com /story.cfm?id=ZAWYA20030313053706   (846 words)

  
 Jordan: Central Bank highlights achievements, law banning government borrowing from CBJ - Zawya.com | Middle East ...
He explained that the Central Bank's main role is to safeguard the national economy through various measures that strengthen the financial situation.
Although the CBJ was able to develop a structure of interest rates in harmony with the regional and international economic developments, Touqan admitted that the CBJ failed to persuade banks in the Kingdom to reduce interest rates.
The CBJ governor also said that the Shamaileh case, which had roots in the mid 1990s, was being monitored by the CBJ which, in the right time, brought it out to the public and put everything under control.
www.zawya.com /story.cfm/sidZAWYA20040317053535   (736 words)

  
 Jordan Islamic Bank
The Bank has recorded an increase in its profits before tax amounting about JD (20.2) million compared to JD (4.76) in 2004 recording an increase of JD (15.44) million with a ratio of (324.4%) which is the highest recorded ratio since its establishment.
The Bank remained committed to its social role that aims at enhancing the moral and ethical values of society, and strengthening the bonds of cooperation and reciprocity amongst community members.
The Bank invests part of its financial resources in the capitals of national companies, whose activities do not include any violation of the rules and principles of Islamic Sharia and which produce goods or provide services that benefit the society and enhance the development of the national economy.
www.jordanislamicbank.com /annualreport.html   (1450 words)

  
 USAID Telling Our Story: Jordan- The Central Bank Gets Connected
Jordan's Central Bank is the focal point of the finance industry, responsible for monitoring operations of all of the Kingdom's banks.
A secure, state-of-the-art wide area network (WAN) was built that connected the Central Bank to all Jordan's banking institutions and enabled it to act as the sole clearing bank for the Securities Depository Center, which settles the cash transfers for $4 billion in annual trades.
An early warning system was instituted to identify banks with unsafe or unsound practices, and a prompt correction action framework was established to uniformly deal with banks with insufficient capital levels.
www.usaid.gov /stories/jordan/cs_jo_centralbank.html   (372 words)

  
 Jordan National Bank   (Site not responding. Last check: 2007-09-22)
Jordan National Bank rebounded strongly in 2000 after writing-off all accumulated losses amounting to JD 15,625,141 ($22,038,281).
Five million dinars of these losses were extinguished from Central Bank of Jordan’s reimbursement of merger costs.
The Bank’s efficiency (as measured by the ratio of general and administrative expenses to gross operating income) improved substantially during 2000 to 63.8% down from 79.8% in 1999.
www.ahli.com /facts_figures.asp   (582 words)

  
 JORDAN CURRENCY
The Jordan Dinar is divided in to 1000 Fils.
When the Bank commenced operations in 1964, the value of circulated money was JD 25,055,032 which rose to JD 112,468,386 by the end of June 1974.
The Central Bank was established in 1959, and as soon as it commenced operations in October 1964, preparations where started to issue new currency notes bearing the Banks name : Following suit of other banks ; each note is deemed a payment guarantee by Central Bank.
www.fortunecity.com /meltingpot/old/955/jordan.html   (489 words)

  
 Jordan Kuwait Bank - More Than Just a Bank
Jordan Kuwait Bank (JKB) was founded in 1976 and has successfully evolved in to a medium sized player in the Jordanian banking system over the last few years.
The Bank practices a wide array of commercial banking activities inside Jordan and abroad, and currently operates a domestic network of 45 branches and offices distributed throughout Jordan.
This is another step toward the bank's overall vision, which is to establish Jordan's first “Universal Bank” and provide services that encompass investment banking, brokerage, and insurance, in addition to commercial banking thus giving the Bank a competitive edge over the other main-street retail banks.
www.jordan-kuwait-bank.com /en   (327 words)

  
 Jordan central bank sees 2.5 per cent growth in 1998
AMMAN (R) — Jordan's central bank forecast a modest 2.5 per cent growth in real GDP (gross domestic product) in 1998 against 2.2 per cent last year, the bank's annual report said.
The bank attributed the modest growth, at market prices, to an unfavourable regional environment hurt by uncertainty over Middle East peace-making and depressed oil prices, which impact on Jordanian hard currency remittance flows and labour opportunities in oil-rich Arab Gulf states.
The bank said the 1998 budget deficit, excluding foreign aid, was expected to reach six per cent of GDP and 2.6 per cent after factoring in assistance, which was budgeted at 189.8 million dinars.
www.jordanembassyus.org /091998004.htm   (218 words)

  
 SWIFT - About SWIFT - Press room - In the vanguard, Jordan adopts SWIFTSolutions   (Site not responding. Last check: 2007-09-22)
The Central Bank of Jordan was also the first to introduce repurchase agreements (REPO), delivery versus payment (DvP) and payment versus payment (PvP) operations to manage financial risks using SWIFT messages to communicate orders and notifications between members and the Central Institution for operations mentioned through the RTGS system.
The Central Bank of Jordan is encouraging the financial and banking community to integrate the payments subsystems to settle via the RTGS.
The Central Bank is fostering modernisation of the country’s banking system by embracing new technologies and state of the art practices.
www.swift.com /index.cfm?item_id=58195   (1716 words)

  
 JLGC- News
The Jordan Loan Guarantee Corporation in its continuous effort of supporting SMEs, signed an agreement with BLOM Bank at the JLGC offices in Amman which emphasized the procedures and conditions involving the guarantee operation including the indemnifications of the default guaranteed loans provided by the bank.
As a request from the management of the Bank of Jordan, JLGC's related department heads presented a specialized lecture on August 14th 2005, about the company and its programmes and services, and the procedures and relative issues of the loan guarantee operation.
He first visited Amman, Jordan in November, 1999 to meet with executives of major banks, lenders and the central bank to determine the interest and support for the development of a credit bureau within the Jordanian economy.
www.jlgc.com /news.htm   (4580 words)

  
 Jordan Times (Economy Section)   (Site not responding. Last check: 2007-09-22)
AMMAN (Petra) — Central Bank of Jordan (CBJ) Governor Umayya Touqan decided on Saturday to raise the key interest rate on monetary policy instruments by 25 basis points.
AMMAN (JT) — The Central Bank of Jordan and Jordan Telecom signed an agreement on Saturday to e-connect all operating banks in Jordan, with the Central Bank.
Jordan Telecom put in place the hi-tech infrastructure that would ensure full achievement of agreement objectives.
www.jordantimes.com /sun/economy/economy6.htm   (560 words)

  
 The Central Bank of Jordan and Jordan Telecom sign an agreement of Cheques e-Clearing System in Jordan | Jordan Telecom
The Central Bank of Jordan and Jordan Telecom signed an agreement today to e-connect all operating banks in Jordan, with the Central Bank.
In its supervisory and regulatory role, the Central Bank has always aspired to modernize technologies it uses in the financial industry.
Chairman of Jordan Telecom, Dr Shabib Ammari affirmed that this agreement comes to translate the vision of His Majesty King Abdullah in the ICT field.
www.ameinfo.com /77450.html   (652 words)

  
 Oratech Web Site -- Our clients -- Client lists -- Central Bank Of Jordan
The Central Bank of Jordan Oracle Applications Implementation project is a USAID funded project, monitored by KPMG/Barents, Client Network Services INC (CNSI) as Prime Contractor, and with local support and hardware from Computer Engineering Bureau (CEB).
A mapping system was created to map detail level banking accounts (financial institutions, government organizations and correspondents) to their corresponding accounts and clearing accounts on Oracle General Ledger.
The bank’s fixed assets, previously being managed by a manual system was automated, the automation process also included the reconciliation of the historical A/D and Asset Cost in the Legacy General Ledger with automatically generated figures from Oracle Fixed Assets.
www.oratech-eg.com /client_project_central.htm   (538 words)

  
 ProgressSoft and Central Bank celebrate the launch of electronic check clearing in the Hashemite Kingdom of Jordan | ...
It was attended by executives from the Central Bank of Jordan, CEOs and GMs of all banks in Jordan, top notch business men, Hewlett Packard, local and international media.
The Central Bank of Jordan awarded the Electronic Check Clearing contract to ProgressSoft in June 2004 on behalf of the banking body in the country, making Jordan the second country to adopt such a solution worldwide.
Faris Sharaf, the deputy Governor of the Central Bank of Jordan, confirmed in his speech the need for enriching the financial sector with the most sophisticated technical solutions, which would have a positive effect on the whole sector and on all citizens.
www.ameinfo.com /56009.html   (925 words)

  
 Press Booth - Central Bank of Jordan gets Electronic Cheque Clearing System
On behalf of all Banks, The Central Bank of Jordan signed the Electronic Cheque Clearing contract with ProgressSoft Corporation, starting a distinctive new era of electronic payments and services.
Amman, Jordan, 25 December, 2004 (Xtvworld) -- The contract was signed by Dr. Umayya Toukan the governor of Central Bank of Jordan and by Mr.
As of this moment the Jordanian banks will be engaged in a smooth transition from a manual to a fully automated & electronic cheque clearing process, starting with professional business process reengineering, customization, deployment, systems integration, staff training, acceptance and ongoing support plans, all conducted and supervised by certified professionals and project managers.
press.xtvworld.com /article-print-3693.html   (678 words)

  
 Digital Media Asia: News - Central Bank of Jordan signs agreement with Jordan Telecom   (Site not responding. Last check: 2007-09-22)
The Central Bank of Jordan and Jordan Telecom have signed an agreement to electronically connect all operating banks in Jordan with the Central Bank.
Jordan Telecom has installed fibre optic cables in the bank, while connection has been secured over high speed digital lines.
In its supervisory and regulatory role, the Central Bank aspires to modernise technologies it uses in the financial industry.
www.digitalmediaasia.com /?ArticleID=13339   (468 words)

  
 CBJ - The Governor
Toukan was born in Amman in 1946 and completed his undergraduate and MBA studies at the American University of Beirut.
His career started at the Central Bank of Jordan in 1967 where, after few years, he completed further postgraduate studies in Economic Development at Oxford University
  Dr. Toukan was appointed Governor of the Central Bank of Jordan as of January 1, 2001 for a five year term and was reappointed for a second term starting January 1, 2006. 
www.cbj.gov.jo /pages.php?menu_id=143   (93 words)

  
 Links: Central Banks
Central Bank of the Democratic Republic of Congo
The Central Bank of the Islamic Republic of Iran
Settlements, Payments, E-money and E-trading Development,or SPEED, is a new quarterly journal from Central Banking Publications, focusing on policy developments affecting financial infrastructures at the national and international levels.
www.centralbanking.co.uk /links/index.htm   (112 words)

  
 News Update   (Site not responding. Last check: 2007-09-22)
With this integrated system, the Central Bank will be able to better track its physical and HR assets.
It will allow the CBJ to be more effective in its dealings with the banking community through the additional services it can offer because of this IT backbone.
The demonstration was also attended by H.E. Dr. Umayya Touqan, Governor of the Central Bank of Jordan, Ms.
www.usembassy-amman.org.jo /10CBJ.html   (189 words)

  
 :: CBJ ::
The Central Bank of Jordan (CBJ) announces the following figures as of Thursday 17/08/2006:
The Central Bank of Jordan and All Licensed Banks to close for business on Sunday August 20th, 2006
The Central Bank of Jordan announces that the CDs Issue No.(17/2006) will be open for bids under the
www.cbj.gov.jo   (67 words)

  
 Jordan Central Bank governor receives DFSA chairman   (Site not responding. Last check: 2007-09-22)
Dr. Umayya Toukan, Governor of Jordan Central Bank has received the Chairman of Dubai Financial Services Authority, Dr. Habib Al Mulla, in Amman to discuss matters of mutual interest.
The meeting at the Central Bank reviewed the rapid progress of the Dubai Financial Services Authority, and its emerging role as a benchmark for world-class financial regulation in the Middle East.
Al Mulla’s two-day visit to Jordan includes a courtesy visit to the Jordanian Securities Commission, and the signing of a MoU with Jordan’s Insurance Commission.
www.strategiy.com /bankingnew.asp?id=20060606052234   (262 words)

  
 int@j - Jordan IT News   (Site not responding. Last check: 2007-09-22)
With its combination encryption, authentication, and ubiquitous access through the Internet, the VPN provides the security and reliability of private networks (such as LANs and WANs) and the low cost, easy access of public networking infrastructures.
The Central Bank of Jordan selects JDS' CyberGuard to ensure SWIFT is supplying secure, standardized messaging services and internet link with SWIFT servers.
The Central Bank of Jordan acquired the Virtual Private Network Consortium (VPNC) standard to integrate the SWIFT daily transactions with all its branches in Jordan as well with other banks.
www.intaj.net /news/readnews.cfm?id=974   (273 words)

  
 ProgressSoft and Central Bank Celebrate the Launch of Electronic Check Clearing in the Hashemite Kingdom of Jordan
ProgressSoft Corporation and Central Bank of JordanCelebrate the launch of the Electronic Check Clearing Project in the Hasemite Kingdom of Jordan
Amman — Jordan, — ProgressSoft Corporation celebrated its Electronic Check Clearing Project launch in Jordan.
This upgrade ensures the deposit of the check’s amount in the account of the beneficiary within the same date of deposit, thus improving the level of services provided by banks.
i-newswire.com /goprint12577.html   (741 words)

  
 Jordan's parliamentarians wants resignation of central bank governor
Jordan's parliamentarians wants resignation of central bank governor
Some 70 Jordanian parliamentarians have called for the resignation of the Jordanian Central Bank governor Umaya Touqan because of the decision taken by the bank to freeze dealings with six leaders of the Palestinian Hamas movement and five Palestinian charity societies.
The memorandum described the decision of the central bank as individual and hasty taken behind the back of the Jordanian government, considering that this decision raised great regret in the homeland and at the level of Arab and Muslim states.
www.arabicnews.com /ansub/Daily/Day/030919/2003091901.html   (411 words)

  
 Jordan Business & Economy Guide
Arab Middle Eastern bank in Jordan and Palestine providing commercial, corporate, electronic, local and international investment and retail banking.
Arab Middle Eastern retail bank in Jordan providing corporate banking, deposits, Master Card, foreign exchange, trade and finance opportunities with online inter-branch transactions.
Jordanian Bank with a branch network covering Jordan and Palestine, providing services for individuals, businesses, and corporations.
www.arabji.com /Jordan/bizBanks.htm   (90 words)

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