Regulatory Alerts2007-01-01
Circular No. 78: International Currency Codes for Credit Information Services
The Palestine Monetary Authority issued Circular No. 78 to standardize international currency codes across all banks operating in Palestine for the new credit information service. The directive mandates the mandatory adoption of a specific 20-currency table, including the US Dollar, Jordanian Dinar, Israeli Shekel, Euro, and British Pound, replacing previously inconsistent banking sector practices. This unified coding framework ensures accurate data reporting and facilitates seamless integration with regional and international credit information systems.
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