Regulatory Alerts2023-01-01
Circular No. 190 Government Payment Authorizations
The Palestine Monetary Authority issued Circular No. 195/2023 directing all operating banks to implement the Ministry of Finance and Planning's directive regarding two specific government payment bonds (Nos. 4439 and 4440) issued to Palestine Mobile Company (Jawwal). Banks are instructed to immediately halt payment of these bonds, treat them as void if presented for clearance, and report any found instances to the Ministry. The directive applies to bonds totaling 720,770.19 NIS with a December 23, 2022 maturity date, ensuring strict compliance through the banks' endorsement and payment processing channels.
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