Regulatory Alerts2023-01-01
Instructions No. (7) of 2023 Regarding Banking Fees and Commissions
The Palestine Monetary Authority issued Instructions No. (7) of 2023 to temporarily suspend the implementation of Article (5) and the repeal of Instructions No. (6) of 2021 concerning the Israeli Shekel cash deposit commission until the end of the current year. This deferral ensures that the existing fee structure for Israeli Shekel cash deposits remains fully operational while regulatory updates are finalized. The directive formally defines the "Original Instructions" as Instructions No. (4) of 2023 and was enacted by Governor Dr. Firas Malham on June 4, 2023.
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