Regulatory Alerts2024-01-01
Circular No. 28/2024 for Exchange Offices on Banknotes Circulating in Palestine
The Palestine Monetary Authority issued Circular No. 28/2024 to all exchange offices operating in Palestine, mandating strict acceptance of all current banknote denominations circulating locally. This directive enforces Clause 6 of Circular No. 2022/125 and explicitly requires the acceptance of $100 and $50 White US Dollar notes. Exchange offices must maintain full compliance to ensure consistent currency circulation and regulatory adherence across the territory.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Decision issued by the Palestine Monetary Authority Circular No. (28 / 2024) To all exchange offices operating in Palestine Date: Tuesday, December 31, 2024
Subject: Banknotes Circulating in Palestine
The Palestine Monetary Authority reiterates the strict obligation to accept all current editions of denominations of banknotes circulating in Palestine, in accordance with the provisions of Clause No. (6) of Circular No. (2022/125); including the White US Dollar in the $100 denomination and the $50 denomination.
Supervision Group Palestine Monetary Authority