Regulatory Alerts2025-01-01
Palestine Monetary Authority Instructions No. 10 of 2025 Regarding Banking Services
The Palestine Monetary Authority issued Instructions No. 10 of 2025 to regulate banking service quality, requiring banks to restore electronic transaction limits, cap compound interest on Israeli Shekel deposits at 9%, and adhere to strict foreign exchange pricing rules. The directive mandates same-day execution of financial transfers and prohibits excessive fees for cash deposits, while enforcing compliance with currency conversion access protocols. Banks must submit corrective plans by month-end to reduce their credit-to-deposit ratio below 80% in all currencies, under penalty of sanctions for non-compliance.
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