Press Releases

The Consumer Relations and Market Conduct Department at the Palestine Monetary Authority held a consultative meeting to discuss opening bank accounts for beneficiaries of aids provided by the Ministry of Social Affairs at banks in the West Bank and Gaza Strip.

The Palestine Monetary Authority organized an economic seminar, presented by Mr. Benoit Coeure, an executive board member at the European Central Bank. The seminar addressed "Europe's Economic and Monetary Union - short and longer-term challenges", where Mr. Coeure reviewed ECB’s role in analyzing Europe’s financial crisis and its impact on the rest of the world.

The World Bank issued the Economic Monitoring Report conveyed to the Ad Hoc Liaison Committee, published on 23.09.2012 and submitted to the meeting of the Local Aid Coordination Committee. The report indicated that the Palestinian Monetary Authority (PMA) is currently finalizing a Draft Law to promote its independence and provide it with the legislative framework necessary to become a fully-fledged central bank.

Governor of the Palestine Monetary Authority Dr. Jihad Al-Wazir visited the public relations hall of the Consumer Relations and Market Conduct Department, where he reviewed the workflow and the mechanism that follows up and resolves customer problems with the banking system, money exchange companies, and specialized lending institutions.

The Inspection and Supervision Department at the PMA issued an abstract statement on the performance of the banking system for the first seven months of the current year.