Palestine Monetary Authority

PALESTINE MONETARY AUTHORITY

Circular No. (157/2015)

To all banks operating in Palestine
Date: Wednesday, December 02, 2015

Subject: Accounts of Ministries and Public Institutions

Attached for the necessary legal action is the letter from His Excellency the Minister of Finance and Planning, Mr. Shukri Bishara, No. (M/PMO/PMA/2015/2015), dated 10/11/2015, regarding the main and intermediary bank accounts of ministries, public institutions, or any other executive entity in the State of Palestine.

Supervision and Inspection Department Palestine Monetary Authority

Copy: His Excellency the Minister of Finance and Planning, Mr. Shukri Bishara, may God protect him.

---

www.pma.ps

Ramallah - Palestine P.O. Box 452 | Tel: +970 2 2415250 | Fax: +970 2 2409922 Gaza - Palestine P.O. Box 4026 | Tel: +970 8 2825292 | Fax: +970 8 2844487 Email: info@pma.ps

---

State of Palestine

Ministry of Finance and Planning

Office of the Minister

State of Palestine
Ministry of Finance and Planning
Office of the Minister

---

No.: ……………………………
Date: ……………………………

No.: M/PMO/PMA/2015/2015
Date: 2015/11/10

His Excellency Dr. Jihad al-Wazir
Governor of the Palestine Monetary Authority Greetings,

Subject: Main and Intermediary Bank Accounts of Ministries and Public Institutions

or any other executive entity in the State of Palestine

With reference to the above subject, and in response to your letter addressed to the Minister of Finance No. 35 M/2012 dated 09/03/2012, and based on Article (14) of the Palestinian Financial Regulations, which states: "No ministry, public institution, or any other executive entity in the State of Palestine is permitted to open accounts in its name with the Palestine Monetary Authority or any other bank without written permission from the Minister of Finance,"

Please instruct your relevant parties to circulate a directive to all banks mandating compliance with the prohibition on (opening, modifying, closing, or adding signatories to) any bank accounts for any ministry, public institution, or other executive entity in the State of Palestine without written permission from the Minister of Finance.

Please accept the highest assurances of respect,

Shukri Bishara
Minister of Finance and Planning

---

Copy: The Comptroller General

• S.H.

Ramallah: Tel: 00970-2-2978846/7/8 | Fax: 00970-2-2978845 | P.O. Box 795 Ramallah E-mail: minister@pmof.ps