Regulatory Alerts2012-01-01
Instructions No. (2012/1) to All Money Changers in Palestine: Minimum Capital Requirements
The Palestine Monetary Authority issued Instructions No. (2012/1) to establish minimum paid-up capital requirements for money changers operating within and outside city limits, denominated in US dollars. The directive mandates that all money changers must align their capital structures with the specified thresholds based on their legal form and submit a compliance payment schedule within one month. Full capitalization must be completed by the end of 2013, while simultaneously repealing prior transitional capital provisions for money changers converting into companies.
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