2025-05-04
Added · Updated
The Palestine Monetary Authority issued Instructions No. 5 of 2025 to extend the application of Article 2(1) regarding cash deposits in fuel station accounts until June 30, 2025. The directive repeals all conflicting provisions and mandates immediate compliance by relevant authorities effective May 1, 2025. This regulatory amendment maintains existing cash handling requirements while formally updating the legal framework under the Authority's banking oversight mandate.
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Pursuant to the provisions of Decision-Law No. (9) of 2010 concerning Banks, particularly Articles (43 and 72) thereof, and after reviewing Instructions No. (14) of 2024 regarding Cash Deposits in Fuel Station Accounts, and No. (19) of 2024 regarding the amendment of Instructions No. (14) of 2024 regarding Cash Deposits in Fuel Station Accounts, and in accordance with the powers delegated to us, and in pursuit of the public interest, we have issued the following Instructions:
The following words and phrases shall have the meanings specified below, unless the context indicates otherwise:
Original Instructions: Instructions No. (19) of 2024 regarding the amendment of Instructions No. (14) of 2024 regarding Cash Deposits in Fuel Station Accounts.
The application of the provisions of paragraph (1) of Article (2) of the Original Instructions is extended until 2025/06/30.
All provisions conflicting with the terms of these Instructions are repealed.
The provisions of these Instructions shall take effect as of 2025/05/01, and all competent authorities shall comply with their contents in accordance with their respective jurisdictions.
Issued in Ramallah, on: 2025/05/04
Yahya Shbar
Governor
Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Postal code: P6160675 Tel: +970 2 2415251 | Tel: +970 2 2415251 Fax: +970 2 2415310 | Fax: +970 2 2415310 info@pma.ps
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Source: Palestine Monetary Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
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