Regulatory Alerts2023-01-01
Instructions No. 19 of 2023 Regarding Banking Fees and Commissions
The Palestine Monetary Authority issued Instructions No. 19 of 2023 to regulate banking fees and commissions, specifically deferring the implementation of Article 5 and the repeal of Instructions No. 6 of 2021 regarding Israeli Shekel deposit commissions until June 30, 2024. These amendments operate under Decision-Law No. 9 of 2010 and build upon the Original Instructions No. 4 of 2023 to ensure regulatory continuity. The Governor formally enacted these directives in Ramallah on December 31, 2023, to align banking fee structures with public interest and existing legal frameworks.
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