Regulatory Alerts2019-01-01
Circular No. 241: External Exposures
The Palestine Monetary Authority issued Circular No. 241/2019 mandating all Palestinian banks to monitor, reduce, or liquidate their financial exposures to Hong Kong, China, and India. This directive addresses recent political and financial instability in these jurisdictions to prevent potential capital losses or asset devaluation. Banks must implement immediate preventive measures to actively manage and mitigate these cross-border investment risks.
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