Palestine Monetary Authority definition

Palestine Monetary Authority or “PMA” mean the Recipient’s independent public institution responsible for the formulation and implementation of monetary and banking policies, established under Law No. 2 of 1997, or any successor thereto.
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Examples of Palestine Monetary Authority in a sentence

  • In the event of bankruptcy of the Palestine Stock Exchange who owns and operates the Central Depository and Settlement Department, there is no system of insurance in place and no mandate at the Palestine Monetary Authority to rescue a failing bank.

  • The development of the National Financial Inclusion Strategy in 2018 was led by the Palestine Monetary Authority (PMA), the territories’ central bank, and the Palestinian Capital Market Authority (PCMA), which regulates non-banking financial institutions, with support from AFI.

  • In the event of bankruptcy of the Palestine Exchange who owns and operates the Central Depository and Settlement Department, there is no system of insurance in place and no mandate at the Palestine Monetary Authority to rescue a failing bank.