Regulatory Alerts2016-01-01
Circular No. 13 on Local Authorities Accounts
The Palestine Monetary Authority issued this circular to clarify that its previous directive on government ministry and public institution accounts does not apply to local authorities. The regulator explicitly states that local authorities fall outside the definition of entities whose budgets are included in the Palestinian National Authority's general budget. Consequently, these bodies remain under the administrative jurisdiction of the Minister of Local Government rather than the central banking framework outlined in the referenced circular.
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