Palestinian Monetary Authority: Difference between revisions

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The '''Palestinian Monetary Authority''' ('''PMA'''; Arabic: '''سلطة النقد الفلسطينية''') is the monetary authority and banking regulator of the [[State of Palestine]]. Established in 1994 pursuant to the [[Oslo Accords]] and the ~~'''~~Paris Protocol on Economic Relations~~'''~~, the PMA was created to develop and supervise the Palestinian banking and financial system in the [[West Bank]] and the [[Gaza Strip]]. Headquartered in Ramallah, the Authority performs many of the functions typically associated with a central bank, although it does not issue a national currency. The PMA is governed by a Governor appointed by the [[President of Palestine]] and operates under the '''Palestinian Monetary Authority Law''' and related financial legislation.

The '''Palestinian Monetary Authority''' ('''PMA'''; Arabic: '''سلطة النقد الفلسطينية''') is the monetary authority and banking regulator of the [[State of Palestine]]. Established in 1994 pursuant to the [[Oslo Accords]] and the [[Protocol on Economic Relations|Paris Protocol on Economic Relations]], the PMA was created to develop and supervise the Palestinian banking and financial system in the [[West Bank]] and the [[Gaza Strip]]. Headquartered in Ramallah, the Authority performs many of the functions typically associated with a central bank, although it does not issue a national currency. The PMA is governed by a Governor appointed by the [[President of Palestine]] and operates under the '''Palestinian Monetary Authority Law''' and related financial legislation.

The Palestinian Monetary Authority is responsible for supervising banks, regulating payment systems, maintaining financial stability, promoting the safety and soundness of the banking sector, and supporting the development of Palestine's financial system. Its principal functions include licensing and supervising banks and financial institutions, overseeing payment and settlement systems, regulating electronic payment services, promoting financial inclusion, managing foreign exchange operations, combating money laundering and terrorist financing, and developing prudential regulations in line with international standards. Since Palestine does not have an independent national currency, the economy primarily uses the [[Israeli new shekel]], the [[Jordanian dinar]], and the [[United States dollar]] as legal means of payment, with the PMA managing monetary affairs within this multi-currency framework.

Revision as of 03:11, 3 August 2026 view source WikiSysopIG (talk \| contribs) Bureaucrats, Interface administrators, Administrators 1,008 edits No edit summary Tag: Visual edit ← Older edit		Latest revision as of 03:13, 3 August 2026 view source WikiSysopIG (talk \| contribs) Bureaucrats, Interface administrators, Administrators 1,008 edits No edit summary Tag: Visual edit: Switched
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	The '''Palestinian Monetary Authority''' ('''PMA'''; Arabic: '''سلطة النقد الفلسطينية''') is the monetary authority and banking regulator of the [[State of Palestine]]. Established in 1994 pursuant to the [[Oslo Accords]] and the ~~'''~~Paris Protocol on Economic Relations~~'''~~, the PMA was created to develop and supervise the Palestinian banking and financial system in the [[West Bank]] and the [[Gaza Strip]]. Headquartered in Ramallah, the Authority performs many of the functions typically associated with a central bank, although it does not issue a national currency. The PMA is governed by a Governor appointed by the [[President of Palestine]] and operates under the '''Palestinian Monetary Authority Law''' and related financial legislation.		The '''Palestinian Monetary Authority''' ('''PMA'''; Arabic: '''سلطة النقد الفلسطينية''') is the monetary authority and banking regulator of the [[State of Palestine]]. Established in 1994 pursuant to the [[Oslo Accords]] and the [[Protocol on Economic Relations\|Paris Protocol on Economic Relations]], the PMA was created to develop and supervise the Palestinian banking and financial system in the [[West Bank]] and the [[Gaza Strip]]. Headquartered in Ramallah, the Authority performs many of the functions typically associated with a central bank, although it does not issue a national currency. The PMA is governed by a Governor appointed by the [[President of Palestine]] and operates under the '''Palestinian Monetary Authority Law''' and related financial legislation.

	The Palestinian Monetary Authority is responsible for supervising banks, regulating payment systems, maintaining financial stability, promoting the safety and soundness of the banking sector, and supporting the development of Palestine's financial system. Its principal functions include licensing and supervising banks and financial institutions, overseeing payment and settlement systems, regulating electronic payment services, promoting financial inclusion, managing foreign exchange operations, combating money laundering and terrorist financing, and developing prudential regulations in line with international standards. Since Palestine does not have an independent national currency, the economy primarily uses the [[Israeli new shekel]], the [[Jordanian dinar]], and the [[United States dollar]] as legal means of payment, with the PMA managing monetary affairs within this multi-currency framework.		The Palestinian Monetary Authority is responsible for supervising banks, regulating payment systems, maintaining financial stability, promoting the safety and soundness of the banking sector, and supporting the development of Palestine's financial system. Its principal functions include licensing and supervising banks and financial institutions, overseeing payment and settlement systems, regulating electronic payment services, promoting financial inclusion, managing foreign exchange operations, combating money laundering and terrorist financing, and developing prudential regulations in line with international standards. Since Palestine does not have an independent national currency, the economy primarily uses the [[Israeli new shekel]], the [[Jordanian dinar]], and the [[United States dollar]] as legal means of payment, with the PMA managing monetary affairs within this multi-currency framework.

Palestinian Monetary Authority: Difference between revisions

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