Circular No. 07/2025: Cash Deposit Process in Shekel Currency

Palestine Monetary Authority

Circular No. (07 / 2025)
To all banks operating in Palestine
Date: Monday, September 1, 2025

Subject: Cash Deposit Process in Shekel Currency

With reference to the above subject, and in accordance with Instructions No. (14) and No. (19) of 2024, Instructions No. (5) and No. (9) of 2025 regarding cash deposits in fuel station accounts, Instructions No. (8) of 2025 regarding cash deposits in Israeli Shekel currency, and Instructions No. (10) of 2025 regarding banking services, and for the purpose of facilitating dealings with cash deposits in customer accounts, all banks are requested to comply with the following:

1. Accept cash deposits from fuel stations until September 11, 2025, at a rate of 70% of the sales invoice instead of 50%.
2. Accept cash deposits in the accounts of local authorities to settle electricity invoice prices.
3. Accept cash deposits in the accounts of the Ministry of Finance to settle taxes and duties.
4. Accept these deposits and use them to execute transfers and payments via the RTGS system, restricting their use outside the system to vital and basic economic sectors according to the bank's capacity and available liquidity.

Supervisory Group
Palestine Monetary Authority

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