Regulatory Alerts2008-01-01
Circular No. 67: Banknotes in ATMs
The Palestine Monetary Authority issued Circular No. 67 to mandate that all banks operating in Palestine strictly inspect and verify the fitness of banknotes, particularly US dollars, before loading them into ATMs. This directive addresses rising customer complaints regarding the dispensing of old, damaged, or non-circulating currency that hinders public transactions. The regulator will closely monitor compliance and identify non-compliant institutions for enforcement action.
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