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.
Palestine Monetary Authority
Circular No. 156/2025 To all banks operating in Palestine Date: Sunday, November 23, 2025
Subject: Guarantees Issued in Favor of the Palestine Monetary Authority
The Palestine Monetary Authority expects all banks operating in Palestine to comply with the automatic renewal of guarantees issued upon the request of money changers in favor of the Palestine Monetary Authority, unless otherwise instructed. It is also necessary to provide us with the original guarantee after renewal/extension, such that the guarantee period ends on 2027/01/31.
Supervision Group Palestine Monetary Authority