Regulatory Alerts2024-01-01
Circular No. 2024/136: Banknotes in Circulation in Palestine
The Palestine Monetary Authority issued Circular No. 2024/136 to all banks operating in Palestine, reiterating the mandatory acceptance of all valid series of banknotes in circulation. This requirement specifically includes the white series of the US $100 and $50 denominations, in accordance with Paragraph 5 of Circular No. 2022/124. The directive serves to ensure full compliance with existing monetary regulations regarding the handling of foreign currency within the Palestinian banking sector.
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