Regulatory Alerts2023-01-01
Instructions No. (7) of 2023 Concerning Banking Fees and Commissions
The Palestine Monetary Authority issued Instructions No. (7) of 2023 concerning banking fees and commissions to defer the implementation of Article (5) of the Original Instructions and the repeal of Instructions No. (6) of 2021 regarding the Israeli Shekel cash deposit commission until the end of the current year. This directive maintains the existing cash deposit commission framework for the Israeli Shekel while postponing scheduled regulatory amendments. The document formally defines the Original Instructions and was enacted by Governor Dr. Firas Malham on June 4, 2023.
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