Circular No. 72 Business Continuity and Crisis Management Plans in Current Circumstances

Palestine Monetary Authority

Circular No. ( 72 / 2024 )

To all banks operating in Palestine
Date: Wednesday, 07 August, 2024

Subject: Business Continuity and Crisis Management Plans in Current Circumstances

In light of the current circumstances, and to safeguard the soundness and continuity of the banking sector's operations, and in reference to Palestine Monetary Authority Instruction No. (5) of 2022 regarding Business Continuity Management, banks are required to comply with the following:

1. Activate business continuity and crisis management plans as stipulated in Article 5 and Article 8 of the aforementioned instructions.
2. Take necessary measures to provide electronic banking services to customers and ensure continuous fueling of ATMs with cash, while monitoring their operation optimally.
3. Increase the number of fuel tanks prepared to hold sufficient fuel reserves to enable operations during emergency conditions.
4. Perform maintenance on electrical power generation units (Generators) to ensure their operational capability.

Supervisory Group
Palestine Monetary Authority

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