Regulatory Alerts2018-01-01
Circular No. 152/2018: Continued Acceptance and Circulation of Old US Dollar Issues
The Palestine Monetary Authority mandates that all money changers operating in Palestine must continue accepting and circulating all US dollar issues and denominations. The circular explicitly prohibits charging any fees or commissions for exchanging older banknotes for newer ones, classifying such practices as regulatory violations. This directive aims to resolve customer complaints and preserve the stability of the national banking sector.
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