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.
[Logo: Palestine Monetary Authority]
PALESTINE MONETARY AUTHORITY
Circular No. (195/2023) To all banks operating in Palestine Date: Sunday, September 03, 2023
Subject: Government Payment Authorizations
Enclosed is a letter from the Acting Director General of Payments at the Ministry of Finance and Planning regarding Government Payment Authorization No. (4439) and Government Payment Authorization No. (4440). Please take the necessary actions to implement the contents of the enclosed letter.
Supervision Department Palestine Monetary Authority
Copies to: The Honorable Ministry of Finance and Planning.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
==Screenshot for page 2==
State of Palestine Ministry of Finance and Planning General Payments Administration
Date: August 29, 2023 No.: .....
To the Palestine Monetary Authority, Greetings:
Subject: Government Payment Bonds of Palestine Mobile Company (Jawwal)
With reference to the above subject, please circulate your directive to banks not to honor/pay the following Palestine Mobile Company (Jawwal) government payment bonds, and consider them void if presented, notifying us upon finding them.
- Government Bond No. 4440 in the amount of 321,859.74 NIS (New Israeli Shekels), due date 23/12/2022.
- Government Bond No. 4439 in the amount of 398,910.45 NIS (New Israeli Shekels), due date 23/12/2022.
Yours sincerely,
Basem Nazzal Acting Director General of Payments
Attached: Images of the bonds.
[Stamp: Ministry of Finance - General Payments Administration - 29-08-2023 - Issued]
Tel.: 02-2978835 - 02-2978835 Fax: 02-2978838 - 02-2978838 P.O.BOX 795 - Ramallah
==Screenshot for page 3==
[Document 1] Issue Date: 28/12/2021 Due Date: 23/12/2022 State of Palestine Government Payment Bond Pay to the order of: Palestine Mobile Company (Jawwal) Licensed Operator No.: 562451310 Amount: 321,859.74 New Israeli Shekels (Only three hundred twenty-one thousand eight hundred fifty-nine and 74/100 New Israeli Shekels) Bond No.: 1369
[Stamp: Ministry of Finance 2016] [Signatures]
- This bond may only be endorsed to banks operating in the State of Palestine and licensed by the Monetary Authority.
[Handwritten note: Please do not pay the 2 bonds]
[Document 2] Issue Date: 28/12/2021 Due Date: 23/12/2022 State of Palestine Government Payment Bond Pay to the order of: Palestine Mobile Company (Jawwal) Licensed Operator No.: 562451310 Amount: 398,910.45 New Israeli Shekels (Only three hundred ninety-eight thousand nine hundred ten and 45/100 New Israeli Shekels) Bond No.: 1370
[Stamp: Ministry of Finance 2016] [Signatures]
- This bond may only be endorsed to banks operating in the State of Palestine and licensed by the Monetary Authority.