Regulatory Alerts2012-01-01
Instructions No. 2 for the Year 2012 Regarding the Mandatory Reserve Base
The Palestine Monetary Authority issued Instructions No. 2 for 2012 to reduce the mandatory reserve base requirements for outstanding credit facilities extended to five designated sectors operating within Jerusalem. The directive specifically targets construction and real estate, land, industry and commerce, agriculture and livestock, and tourism-related businesses to incentivize banks to finance local development projects. Compliance takes effect for the March 2012 reserve period, with banks receiving updated calculation files through the authority's secure digital exchange system.
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