Regulatory Alerts2018-01-01
Circular No. 152/2018: Continued Acceptance and Circulation of Older US Dollar Issuances
The Palestine Monetary Authority issued Circular No. 152/2018 to mandate that all money changers operating in Palestine must continue accepting and circulating US dollar bills from all issuances and denominations. The directive explicitly prohibits charging any fees or commissions for exchanging older US dollar notes for newer ones, classifying such practices as regulatory violations. This requirement aims to resolve customer complaints and preserve the stability of the Palestinian banking sector.
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