Regulatory Alerts2008-01-01
Circular No. 124 Request for Statistical Data
The Palestine Monetary Authority issued Circular No. 124 on October 20, 2008, mandating all banks operating in Palestine to submit daily deposit volume statistics via email by 12:00 PM. The directive requires banks to complete and return a detailed schedule breaking down customer deposits by currency (USD, JD, NIS, Other FX) and geographic location across the West Bank and Gaza Strip. This reporting obligation remains in effect immediately until superseded by new regulatory instructions.
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