LogoRegulatory Alerts
2025-01-01

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.

Palestine Monetary Authority logo

Palestine

Palestine Monetary Authority

Click to view thumbnail

Palestine Monetary Authority

Circular No. (07 / 2025) To all banks operating in Palestine Date: Monday, September 1, 2025

Subject: Cash Deposit Process in Shekel Currency

With reference to the above subject, and in accordance with Instructions No. (14) and No. (19) of 2024, Instructions No. (5) and No. (9) of 2025 regarding cash deposits in fuel station accounts, Instructions No. (8) of 2025 regarding cash deposits in Israeli Shekel currency, and Instructions No. (10) of 2025 regarding banking services, and for the purpose of facilitating dealings with cash deposits in customer accounts, all banks are requested to comply with the following:

  1. Accept cash deposits from fuel stations until September 11, 2025, at a rate of 70% of the sales invoice instead of 50%.
  2. Accept cash deposits in the accounts of local authorities to settle electricity invoice prices.
  3. Accept cash deposits in the accounts of the Ministry of Finance to settle taxes and duties.
  4. Accept these deposits and use them to execute transfers and payments via the RTGS system, restricting their use outside the system to vital and basic economic sectors according to the bank's capacity and available liquidity.

Supervisory Group Palestine Monetary Authority

www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate Postal code: 6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps

Share