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.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Decision Issued by the Authority
Circular No. (2024/136)
To All Banks Operating in Palestine
Date: Tuesday, December 31, 2024
Subject: Banknotes in Circulation in Palestine
The Palestine Monetary Authority reiterates the necessity of full compliance with the acceptance of all valid series of banknotes in circulation in Palestine, in accordance with the provisions of Paragraph No. (5) of Circular No. (2022/124); including the white series of the US $100 denomination and the $50 denomination.
Supervision Group
Palestine Monetary Authority
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal code: P6160675