Regulatory Alerts2021-01-01
Circular No. 44: Addressing and Postal Coding in Palestine
The Palestine Monetary Authority issued Circular No. 44 to mandate all banks operating in Palestine to adopt the standardized postal coding and addressing system. The directive requires financial institutions to implement the procedures and operational mechanisms detailed in the attached letter from the Minister of Communications and Information Technology. Banks must ensure immediate compliance with the specified guidelines to align banking operations with national postal standards.
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