Regulatory Alerts2018-01-01
Circular No. 151: Continued Acceptance and Trading of Older US Dollar Issuances
The Palestine Monetary Authority issued Circular No. 151/2018 to mandate that all Palestinian banks must continue accepting and trading US dollar notes across all issuances and denominations. The directive explicitly prohibits financial institutions from charging any fees or commissions when exchanging older US dollar notes for newer ones. This enforcement aligns with prior circulars to resolve customer complaints and maintain banking sector stability.
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