Palestine Monetary Authority

Instruction No. (11) of 2024

Regarding the Extension of the Validity of Instruction No. (2) of 2024

Based on the provisions of Law No. (9) of 2010 Concerning Banks, particularly Articles (40, 41, 72) thereof, In accordance with the powers delegated to us, And in pursuit of the public interest, We have issued the following Instructions:

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Article (1)

Dealing with the Credit Portfolio Granted to Public Sector Employees in the West Bank

The application of Instruction No. (2024/2) regarding the granting of a current account overdraft limit/commodity margin financing is extended until 5/11/2024, in accordance with the controls and mechanisms set forth in the relevant Instructions.

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Article (2)

Implementation and Enforcement

All competent authorities shall, each within their respective jurisdiction, implement the provisions of these Instructions and apply them effective from the date of their issuance.

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Issued in Ramallah, on 08/10/2024.

Dr. Firas Malham
Governor

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