Regulatory Alerts2017-01-01
Circular No. 217 New Banknotes
The Palestine Monetary Authority issued Circular No. 217/2017 mandating all Palestinian banks to calibrate their currency counting, inspection, and automated teller machine equipment to accommodate the imminent circulation of new 20 and 100 shekel banknotes. This directive aims to mitigate operational risks and ensure the safety and security of all banking activities in strict compliance with the Authority's regulatory standards. Financial institutions must implement these technical adjustments promptly to align with the specified monetary guidelines.
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