Regulatory Alerts2013-01-01
Circular No. 169 Currency Counting and Checking Machines
The Palestinian Monetary Authority issued Circular No. 169/2013 mandating all operating banks to implement strict counterfeit currency controls. The directive requires each cash-handling counter to install certified currency counting and checking machines, while every branch must deploy metal detection devices capable of verifying all circulating denominations. Additionally, banks must ensure their inspection equipment meets specific technical standards for detecting security features and documenting transactions, and must enroll all tellers in specialized anti-counterfeiting training programs.
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