Samhouri Exchange’s transfers to be paid — JEA chief

AMMAN – The Central Bank of Jordan (CBJ) on Sunday closed down a major currency exchange company for administrative and financial violations.

Alaa Eddine Diraniyeh, president of the Jordanian Exchange Association (JEA), said Monday the CBJ decided to close down Samhouri Exchange for a month until the company rectifies violations committed by the management. 

In a phone interview with The Jordan Times, Diraniyeh said the CBJ and the syndicate are working to secure that all money transfers be paid by the company soon. 

Vijay Neekhra, an Indian worker in Jordan, transferred $5,000 to the US and he was afraid the money would never reach the beneficiary. 

The amount was transferred on December 5. 

Also, Binu Johan transferred $1,583 to his family in India on December 8. 

Both money senders were concerned they lost the money when they heard the news about the closure of Samhouri Exchange, which operates seven branches in Amman. 

Copies of the transaction receipts were made available to The Jordan Times. 

But Diraniyeh assured all money transactions made via the exchange company will reach their destinations. 

"I want to assure all clients of the exchange firm that all inbound and outbound money transfers will be paid by Samhouri very soon," he said. 

There are around 120 currency exchange firms in Jordan, according to the syndicate's figures.