Palestine Monetary Authority

Palestine Monetary Authority

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Last update: Nov 22, 2022 Last update: Nov 22, 2022
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Legal residence:Palestine / West Bank & Gaza
Types:Government Agency Government Agency
Funding agencies:Other
Sectors:Banking Banking
Sanctions:Check now
Status: Active

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About

The Palestine Monetary Authority (PMA) is an independent public institution responsible for formulating and implementing monetary and banking policies, to ensure the soundness of the banking sector and the balanced growth of the local economy. The PMA primary goal is to maintain monetary and and financial stability and promote sustainable economic growth through:
 
  • Effectively and transparent regulation and supervision of banks, specialized lending institutions, moneychangers, and payment service providers in Palestine.
  • Supervising the implementation and operation of highly efficient and modern payment systems.
  • Formulating and implementing monetary policy with the aim of achieving monetary stability.

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