RegAlertRule · PMA · 9 Jul 2018
Circular No. 152/2018: Continued Acceptance and Circulation of Old US Dollar Issues
The Palestine Monetary Authority mandates that all money changers operating in Palestine must continue accepting and circulating all US dollar issues and denominations. The circular explicitly prohibits charging any fees or commissions for exchanging older banknotes for newer ones, classifying such practices as regulatory violations. This directive aims to resolve customer complaints and preserve the stability of the national banking sector.
Palestine Monetary Authority
PALESTINE MONETARY AUTHORITY
Circular No. (152/2018)
To all money changers operating in Palestine
Date: Monday, July 09, 2018
Subject: Continued Acceptance and Circulation of Old US Dollar Issues
In order to address customer complaints and maintain the stability of the banking sector, the Palestine Monetary Authority emphasizes the necessity of continuing to accept and circulate US dollars from all issues and denominations. Accordingly, charging any fees or commissions for exchanging old denominations for new ones is considered a violation of the instructions.
Supervision and Inspection Department
Palestine Monetary Authority
Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2415310 | Fax: +970 2 2415310 | Tel: +970 2 2415250 | Ramallah - Palestine P.O. Box 452 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 | Fax: +970 8 2844487 | Tel: +970 8 2825292 | Gaza - Palestine P.O. Box 4026 Email: info@pma.ps | Email: info@pma.ps
Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.
Similar documents from other regulators
More like this from PMA
PMA published 4 documents in the last 30 days. We email you each new one the day it's published.
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
In RegAlert: added · updated
FX rules change often. Get an email the day any regulator we track changes its foreign-exchange rules.