Regulatory Alerts2026-01-01
Law No. (18) of 2004 Amending Certain Provisions of Law No. 2 of 1997 Concerning the Palestinian Monetary Authority
President Rawhi Fattouh of the Palestinian National Authority issued Law No. 18 of 2004 to amend Article 15 of the 1997 Monetary Authority Law, establishing new appointment procedures and fixed terms for the Governor, Deputy Governor, Ministry of Finance representative, and Council members. The legislation mandates Legislative Council ratification for the Governor's appointment while granting the President authority to appoint the Deputy and other members based on ministerial or gubernatorial proposals. It further provides for reappointment, vacancy replacement procedures, and a thirty-day post-publication effective date.
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