Regulatory Alerts2015-01-01
Circular No. 156 New Banknotes
The Palestine Monetary Authority issued Circular No. 156/2015 to mandate all Palestinian banks to calibrate their cash counting machines, inspection devices, and ATMs for the imminent circulation of the new 200 shekel banknote. This directive requires financial institutions to implement necessary technical adjustments to ensure accurate processing and secure handling of the new currency. Compliance with these operational updates must align with the Authority's existing regulatory guidelines to mitigate risks and maintain banking sector safety.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (156/2015)
To all banks operating in Palestine
Date: Wednesday, December 02, 2015
Subject: New Banknotes
Given the imminent issuance and circulation of a new 200 shekel banknote, and with the Palestine Monetary Authority's commitment to minimizing risks and ensuring safety and security across all aspects of banking operations, you are requested to take the necessary measures to calibrate the counting and inspection machines and devices used at your institutions for the new banknote, and to enable their use in automated teller machines (ATMs), in accordance with our relevant instructions.
Deputy Governor
for Financial Stability Affairs
Supervision and Inspection Department
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 | Email: info@pma.ps
Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Email: info@pma.ps