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.
Palestine Monetary Authority
Palestine Monetary Authority
Circular No. 78 (2007/78)
To all banks operating in Palestine
Date: Monday, April 30, 2007
Subject: International Transaction Codes for Credit Information Services
Given the differing usage of some international transaction codes within the banking sector, and to standardize them for the purposes of the new credit information service, please adopt and use the following codes in the table below:
| Code | Currency Name |
|---|---|
| USD | US Dollar |
| JOD | Jordanian Dinar |
| ILS | Israeli Shekel |
| EUR | Euro |
| GBP | British Pound |
| EGP | Egyptian Pound |
| AED | UAE Dirham |
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| JPY | Japanese Yen |
| SAR | Saudi Riyal |
| KWD | Kuwaiti Dinar |
| BHD | Bahraini Dinar |
| CHF | Swiss Franc |
| CYP | Cypriot Pound |
| DKK | Danish Krone |
| LBP | Lebanese Pound |
| NOK | Norwegian Krone |
| QAR | Qatari Riyal |
| SEK | Swedish Krona |
Banking Supervision Department
Palestine Monetary Authority
Ramallah - Al Bireh - P.O.Box 452 - Tel: 02-2409920 - Fax: 02-2409922
Gaza - P.O.Box 4026 - Tel: 08-2625713 - Fax: 08-2844487
E-mail: info@pma.ps
Ramallah - Al Bireh - P.O.Box: 452 - Tel: 02-2409920 - Fax: 02-2409922
Gaza - P.O.Box 4026 - Tel: 08-2625713 - Fax: 08-2844487
www.pma.ps
Circular No.
To all banks operating in Palestine
Date: Sunday, April 29, 2007
Subject: International Transaction Codes for Credit Information Services
Given the differing usage of some international transaction codes within the banking sector, and to standardize them for the purposes of the new credit information service, please adopt and use the following codes in the table below:
| Code | Currency Name |
|---|---|
| USD | US Dollar |
| JOD | Jordanian Dinar |
| ILS | Israeli Shekel |
| EUR | Euro |
| GBP | British Pound |
| EGP | Egyptian Pound |
| AED | UAE Dirham |
| AUD | Australian Dollar |
| CAD | Canadian Dollar |
| JPY | Japanese Yen |
| SAR | Saudi Riyal |
| KWD | Kuwaiti Dinar |
| BHD | Bahraini Dinar |
| CHF | Swiss Franc |
| CYP | Cypriot Pound |
| DKK | Danish Krone |
| LBP | Lebanese Pound |
| NOK | Norwegian Krone |
| QAR | Qatari Riyal |
| SEK | Swedish Krona |
Banking Supervision Department
Palestine Monetary Authority