Regulatory Alerts2025-01-01
Circular No. 07/2025: Cash Deposit Process in Shekel Currency
The Palestine Monetary Authority issued Circular No. 07/2025 to facilitate cash deposit operations for banks operating in Palestine. The directive mandates an increase in the accepted cash deposit ratio from fuel stations to 70% of sales invoices until September 11, 2025, and permits cash deposits for local authorities and the Ministry of Finance to settle electricity bills and taxes respectively. Banks are required to utilize these deposits for RTGS transfers and restrict non-system usage to vital economic sectors based on available liquidity.
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