Regulatory Alerts2010-01-01
Circular No. 133 Leased Lines for the Banking Network
The Palestine Monetary Authority informs all operating banks that it will cease directly covering leased line costs and will instead charge these expenses directly to each bank's current account with the Authority, based on invoices received directly from the telecommunications provider. This billing adjustment replaces the Authority's multi-year subsidy of network leased lines and will be formally communicated to each institution. The new charging mechanism will take effect on January 1, 2011.
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