Palestine Monetary Authority

Palestine Monetary Authority

Circular No. (2011/49)

To All Banks Operating in Palestine

Date: Sunday, August 28, 2011

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Subject: International Committee of the Red Cross (ICRC) Agencies (Prisoners' Agencies)

Following our Circular No. (2011/130) dated July 13, 2011, and based on consultations held between the Monetary Authority, the Supreme Judicial Council, and the Prisoners' Club Association to alleviate the suffering of prisoners and their families regarding prisoners' agencies related to banking transactions, and as a result of the Supreme Judicial Council's amendment of Article Six of Circular No. 20/2248 dated September 11, 2007, concerning the aforementioned subject, the mandatory conditions for prisoners' agencies are as follows:

A. The power of attorney must be signed by the principal (the prisoner) in the presence of the International Committee of the Red Cross and bear the ICRC's official stamp.

B. The power of attorney must be written in clear handwriting, and its text must not contain any erasures or deletions of any phrases.

C. The subject of the power of attorney must be specific and limited solely to cash withdrawal proxies.

D. The name of the principal (the prisoner) and their personal identification card number must be clearly visible.

E. The name of the agent and their personal identification card number must be clearly visible.

F. The power of attorney must be authenticated by the Ministry of Prisoners' Affairs.

Accordingly, ICRC agencies that meet the aforementioned conditions shall be accepted for conducting financial transactions at banks, and banks may take any other measures or steps consistent with the law for the purpose of accepting the aforementioned agencies.

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Supervision and Inspection
Palestine Monetary Authority

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Enclosed:

• Letter from the Supreme Judicial Council to His Excellency Dr. Jihad al-Wazir regarding the matter.
• Circular from the Supreme Judicial Council.

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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