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The Palestine Monetary Authority issued Instructions No. 8 of 2013 to cancel the second phase of a scheduled increase in US dollar-denominated cash liquidity ratios, effectively freezing them at 4.5% for banks and 3% for branches as of November 1, 2013. This directive amends the previously mandated tiered increases under Instructions No. (2013/4) by halting the projected 6% bank-level and 4% branch-level thresholds. Consequently, all Palestinian banks must maintain their existing liquidity compliance levels without further adjustment until a subsequent regulatory update.
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Palestine Monetary Authority
Instructions No. (2013/08) To all banks operating in Palestine Date: Thursday, October 31, 2013
Subject: Liquidity Instructions Based on the provisions of Banking Law No. (9) of 2010, and in continuation of Instructions No. (2013/4) dated March 13, 2013, the second phase of increasing the US dollar-denominated cash liquidity ratio at the bank level from 4.5% to 6%, and at the branch level from 3% to 4%, which was scheduled to take effect as of November 1, 2013, is hereby cancelled. Consequently, the US dollar-denominated cash liquidity ratio remains at its current unchanged levels of 4.5% at the bank level and 3% at the branch level.
Supervision and Inspection Department Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps | www.pma.ps ---
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Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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