Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (105/2019)

To all banks operating in Palestine

Date: Wednesday, April 24, 2019

Subject: Accounts of Ministries, Local Bodies, and Public Institutions

Further to the Palestine Monetary Authority's instructions No. (2009/08) dated 24/12/2009 regarding the opening and closing of accounts, we emphasize the necessity for banks to obtain written approval from the Ministry of Finance and Planning before opening or closing accounts for ministries, local bodies, and public institutions, or before modifying the authorized signatories for such accounts. Accordingly, all banks are requested to disseminate this circular to their branches to ensure compliance with its contents in accordance with standard procedures.

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Market Communications Department
Palestine Monetary Authority

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• Copy to: The Honorable Ministry of Finance and Planning.

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