Lower House rejected the draft law amending the 2021 Money Exchange Business Law, during its session held on Wednesday, headed by its Speaker Abdel Moneim Awdat and attended by the Cabinet members.
In their debate, the lawmakers referred to MP Abdul Karim al-Daghmi, who said the new money exchange legislature “jeopardizes investment, and stiffens penalties on investors.”
In his response to the lawmakers’ interventions, Mahmoud Kharabsheh, Minister of State for Legal Affairs, said the bill “does not aim to discourage investment, but rather works to stimulate Jordan’s investment environment. The draft law is for regulatory purposes only.”
The minister said the amended bill bans issuing remittances by unlicensed exchange offices, adding that the government supports investment promotion in Jordan, but failed to convince the lawmakers of the government’s perspective.
Source: Jordan News Agency