Regulatory Alerts2011-01-01
Liquidity Instructions No. 11 of 2011
The Palestine Monetary Authority issued Instruction No. 11 of 2011 to repeal Liquidity Instruction No. (2011/4) dated August 29, 2011, which established a minimum cash liquidity ratio. The directive reinstates the provisions of Instruction No. (2008/5) dated December 29, 2008, effective immediately. All banks operating in Palestine must comply with the restored liquidity requirements under the authority of Banking Law No. (9) of 2010.
Palestine Monetary Authority
Palestine Monetary Authority
Instruction No. (2011/11)
To all banks operating in Palestine
Date: Monday, December 12, 2011
Subject: Liquidity Instructions
Pursuant to the provisions of Banking Law No. (9) of 2010, Liquidity Instruction No. (2011/4) dated 29/08/2011 concerning the minimum cash liquidity ratio is hereby repealed, and the provisions of Instruction No. (2008/5) dated 29/12/2008 are reinstated, effective from this date.
Supervision and Inspection Department
Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
E-mail: info@pma.ps
www.pma.ps
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922
Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487