Project shall contribute to reducing risk and enhancing access to modern non-cash banking services
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Dr. Jihad Al Wazir Governor of the Palestine Monetary Authority and Mr. Angelo Bertini Managing Director, Middle East & North Africa BPC Banking Technologies (Global leader in electronic payment systems) signed an agreement for the implementation of the National Switch electronic payment system.
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Dr. Jihad Al Wazir- Governor of PMA, and Dr. Said Abu Ali-Minister of Interior; signed a memorandum of understanding for organizing the activities of the civil organizations and associations that are practicing lending works, and adjusting their activities according to the related rules and regulation.
A decrease in both the WB and GS
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The PMA has launched on 30/6/2013 the results of June PMABCI. At the national level, the overall PMABCI indicates a high drop took place in June 2013, from 3.81 in May 2013 to -7.71.
This would safeguard bank depositors and enhance the financial safety net.
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Ramallah- H. E Mr. Mahmoud Abass- President of the State of Palestine- signed the Palestinian Deposit Insurance Corporation Law.
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The Palestine Monetary Authority stated that the so-called (Production Bank), which has been recently announced in Gaza Strip, has not applied for a license to initiate banking business in accordance with the provisions of the Palestine Monetary Authority Law 2/1997 and Banks Law 9/2010.