Regulatory Alerts2025-01-01
Circular No. 156/2025: Guarantees Issued in Favor of the Palestine Monetary Authority
The Palestine Monetary Authority issued Circular No. 156/2025 to all banks operating in Palestine, mandating the automatic renewal of guarantees issued on behalf of money changers. Banks are required to provide the original renewed guarantee documents to the Authority, ensuring the guarantee validity extends until January 31, 2027. This directive applies unless banks receive explicit instructions to the contrary.
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