Regulatory Alerts2025-01-01
Instructions No. 9 of 2025 Regarding Cash Deposits in Fuel Station Accounts
The Palestine Monetary Authority issued Instructions No. 9 of 2025 to amend the cash deposit limits and fee structures for fuel station accounts, mandating that banks accept cash deposits between July 1 and December 31, 2025. The revised regulations cap cash deposits at 50% of account balances, exempting this portion from fees and commissions while applying tiered commission rates of 0.4%, 0.6%, and 0.8% to amounts exceeding this threshold based on total purchase invoices from the General Petroleum Corporation. All conflicting prior provisions are repealed, and these amended rules take immediate effect upon publication to standardize banking operations for fuel retailers.
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