The Palestine Monetary Authority (PMA; Arabic: سلطة النقد الفلسطينية) is the emerging central bank of Palestine.[2] The PMA, located in Ramallah, was established in 1994 following the signing of the Protocol on Economic Relations (Paris Protocol) between the Palestinians and Israel.[3] It is an independent public institution responsible for the formulation and implementation of monetary and banking policies, to safeguard the banking sector and to ensure the growth of the national economy in a balanced manner.[citation needed]
Palestine Monetary Authority سلطة النقد الفلسطينية (Arabic)
PMA supervises the 13 Palestinian and foreign banks operating in the West Bank and Gaza Strip. It is not responsible for the issue of a Palestinian currency.[citation needed] PMA operates under the authority of PMA Law Number 2 of 1997, an act of the Palestine Legislative Council, and the Banking Law Number 9 of 2010.[citation needed] The logo of the PMA pays homage to the Palestinian pound, minted and circulated under the British Mandate. The logo contains the name of the PMA in English and Arabic, written on the historic 5 mils coin.[citation needed]
^"Palestine Monetary Authority governor resigns early". Central Banking. January 4, 2021.
External linksedit
Official website
Official PMA YouTube Page
January 01, 1970
palestine, monetary, authority, arabic, سلطة, النقد, الفلسطينية, emerging, central, bank, palestine, located, ramallah, established, 1994, following, signing, protocol, economic, relations, paris, protocol, between, palestinians, israel, independent, public, i. The Palestine Monetary Authority PMA Arabic سلطة النقد الفلسطينية is the emerging central bank of Palestine 2 The PMA located in Ramallah was established in 1994 following the signing of the Protocol on Economic Relations Paris Protocol between the Palestinians and Israel 3 It is an independent public institution responsible for the formulation and implementation of monetary and banking policies to safeguard the banking sector and to ensure the growth of the national economy in a balanced manner citation needed Palestine Monetary Authorityسلطة النقد الفلسطينية Arabic LogoHeadquartersRamallah PalestineEstablished1 December 1994Ownership100 state ownership 1 Governor and ChairmanH E Dr Feras MilhemCentral bank ofPalestineCurrencyNo universal currencyWebsitewww wbr pma wbr ps PMA supervises the 13 Palestinian and foreign banks operating in the West Bank and Gaza Strip It is not responsible for the issue of a Palestinian currency citation needed PMA operates under the authority of PMA Law Number 2 of 1997 an act of the Palestine Legislative Council and the Banking Law Number 9 of 2010 citation needed The logo of the PMA pays homage to the Palestinian pound minted and circulated under the British Mandate The logo contains the name of the PMA in English and Arabic written on the historic 5 mils coin citation needed Contents 1 Objectives 2 Governors 3 See also 4 References 5 External linksObjectives editPMA aims to maintain monetary and financial stability and to promote sustainable economic growth through effective and transparent regulation and supervision of banks specialized lending institutions and money changers operating in Palestine overseeing the implementation and operation of modern efficient payment systems development and execution of monetary policy designed to achieve price stability citation needed PMA is active in promoting financial inclusion policy and is a member of the Alliance for Financial Inclusion 4 Governors editThe governors of the PMA have been 5 Fouad Bseiso December 1994 November 2001 Amin Haddad December 2001 February 2005 George al Abed February 2005 November 2007 Jihad al Wazir January 2008 November 2015 Azzam Shawwa November 2015 January 2021 Feras Milhem January 2021 6 See also edit nbsp Palestine portal nbsp Money portal Economy of the Palestinian territories List of central banksReferences edit Weidner Jan 2017 The Organisation and Structure of Central Banks PDF Katalog der Deutschen Nationalbibliothek Profile Archived from the original on 2012 03 15 Retrieved 2012 03 13 Palestine Monetary Authority chief resigns AFI members AFI Global 2011 10 10 Archived from the original on 2012 02 20 Retrieved 2012 02 23 PMA gt Board of Directors www pma ps Palestine Monetary Authority governor resigns early Central Banking January 4 2021 External links editOfficial website Official PMA YouTube Page Retrieved from https en wikipedia org w index php title Palestine Monetary Authority amp oldid 1217370893, wikipedia, wiki, book, books, library,
