RegAlert2011-12-12
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Liquidity Instructions No. 11 of 2011
The Palestine Monetary Authority issued Instruction No. 11 of 2011 to repeal Liquidity Instruction No. (2011/4) dated August 29, 2011, which established a minimum cash liquidity ratio. The directive reinstates the provisions of Instruction No. (2008/5) dated December 29, 2008, effective immediately. All banks operating in Palestine must comply with the restored liquidity requirements under the authority of Banking Law No. (9) of 2010.
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Palestine Monetary Authority
Palestine Monetary Authority
Instruction No. (2011/11)
To all banks operating in Palestine Date: Monday, December 12, 2011
Subject: Liquidity Instructions
Pursuant to the provisions of Banking Law No. (9) of 2010, Liquidity Instruction No. (2011/4) dated 29/08/2011 concerning the minimum cash liquidity ratio is hereby repealed, and the provisions of Instruction No. (2008/5) dated 29/12/2008 are reinstated, effective from this date.
Supervision and Inspection Department Palestine Monetary Authority
Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487 E-mail: info@pma.ps www.pma.ps Ramallah - Al Bireh P.O. Box 452 - Tel.: 02-2409920 - Fax: 02-2409922 Gaza - P.O. Box 4026 - Tel.: 08-2825713 - Fax: 08-2844487
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Lineage: In force
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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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