Regulatory Alerts2024-01-01
Instruction No. 11 of 2024 Regarding the Extension of the Validity of Instruction No. 2 of 2024
The Palestine Monetary Authority issued Instruction No. 11 of 2024 to extend the validity of Instruction No. 2 of 2024 concerning credit limits for public sector employees in the West Bank. This extension applies until November 5, 2024, maintaining the existing regulations for current account overdrafts and commodity margin financing. All relevant authorities are mandated to implement and enforce these provisions effective from the date of issuance.
Palestine Monetary Authority
Instruction No. (11) of 2024
Regarding the Extension of the Validity of Instruction No. (2) of 2024
Based on the provisions of Law No. (9) of 2010 Concerning Banks, particularly Articles (40, 41, 72) thereof, In accordance with the powers delegated to us, And in pursuit of the public interest, We have issued the following Instructions:
Article (1)
Dealing with the Credit Portfolio Granted to Public Sector Employees in the West Bank
The application of Instruction No. (2024/2) regarding the granting of a current account overdraft limit/commodity margin financing is extended until 5/11/2024, in accordance with the controls and mechanisms set forth in the relevant Instructions.
Article (2)
Implementation and Enforcement
All competent authorities shall, each within their respective jurisdiction, implement the provisions of these Instructions and apply them effective from the date of their issuance.
Issued in Ramallah, on 08/10/2024.
Dr. Firas Malham Governor
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 - Ramallah and Al-Bireh Governorate - Palestine P.O. Box info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Phone | Postal code: P6160675 | Postal Code