Regulatory Alerts2023-01-01
Circular No. 196 Lost Government Bond
The Palestine Monetary Authority, pursuant to a directive from the Ministry of Finance and Planning, issued Circular No. 196/2023 instructing all banks operating in Palestine to immediately cease disbursement of Government Bond No. 4424 issued to Bioline Medical and Laboratory Supplies Company. Banks are mandated to treat the 346,546.80 NIS instrument, printed on December 26, 2021, as void upon presentation and must notify the Ministry if the physical document is located. This administrative suspension formally invalidates the lost financial instrument to prevent unauthorized claims or fraudulent processing.
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[Logo of the Palestine Monetary Authority] Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (196 / 2023) To all banks operating in Palestine Date: Sunday, September 17, 2023
Subject: Lost Government Bond
Attached is a letter from the Acting Director General of Payments at the Ministry of Finance and Planning regarding the non-disbursement of Government Bond No. (4424). Please take the necessary measures to implement the instructions contained in the attached letter.
[Stamp: Supervision Group - Palestine Monetary Authority]
Copy: Respected Ministry of Finance and Planning.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 | Ramallah & Al-Bireh Governorate - Palestine Postal Code: P6106075 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
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State of Palestine Ministry of Finance and Planning General Administration of Payments
State of Palestine Ministry of Finance and Planning General Administration of Payments
Date: 2023/6/9 Number: ....................
To: Palestine Monetary Authority Greetings,
Subject: Lost Government Bond for Bioline Medical and Laboratory Supplies Company
With reference to the above subject, please issue a circular to banks instructing them not to disburse Bioline Medical and Laboratory Supplies Company Government Bond No. (4424), printed on 2021/12/26, maturing on 2023/2/19, with a value of (346,546.80) NIS, and to consider it void if presented. Please notify us if it is found.
Yours sincerely, Basem Nazal Acting Director General of Payments [Signature]
Attached: Bond images [Stamp: Ministry of Finance - General Administration of Payments - 13-09-2023 - Issued]
Tel.: 02-2978835 - 18 - 02-2978835 : Fax: 02-2978838 02-2978838 : P.O.BOX 795 - Ramallah P.O.BOX 795 - Ramallah
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State of Palestine Government Payment Bond Bioline Medical and Laboratory Supplies Company
Issue Date: 26/12/2021 Maturity Date: 19/02/2023
Pay to the order of: Licensed Nursery No.: 562466151 Amount: 346,546.80 New Israeli Shekels In Words: Three hundred forty-six thousand five hundred forty-six and 80/100 New Israeli Shekels Bond No.: 1091
[Signature A] [Signature B] [Signature C]
- This bond may only be endorsed to banks operating in the State of Palestine and approved by the Palestine Monetary Authority.
[Stamp: Ministry of Finance - 2016]