| Palestine - Palestine Monetary Authority |
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Nablus Road
Ramallah
Palestine
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The Palestinian Monetary Authority (PMA) supervises banking activities in accordance with the needs of the Palestinian economy. Working as the "bank of banks", the PMA issues permits and supervises banks and other financial institutions, toe ensure compliance with the laws and regulations and their financial solvency. The PMA has the authority to levy penalties on banks who do not comply with the regulations.
The PMA also formulates monetary and foreign currency policies and implements them according to the laws of the land. It also acts as financial and economic consultant, as well as a financial agent to the Palestinian National Authority (PNA). The PMA maintains foreign currency reserves of the PNA and all public institutions, and regulates money supply and currencies with the aim of stabilising exchange rates.
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