Established 1994 Website www.pma.ps Headquarters Ramallah | Governor and Chairman H.E. Azzam Shawwa Central bank of State of Palestine Founded 1994 | |
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Currency Jordanian Dinar, Israeli New Shekel and United States Dollar Currencies Jordanian dinar, Israeli new shekel, United States Dollar Profiles | ||
Jihad al wazir governor palestine monetary authority hashim shawa chairman bank of palestine
The Palestine Monetary Authority (PMA) (Arabic: سلطة النقد الفلسطينية) is the emerging central bank of Palestine. It is located in Ramallah. is an independent public institution responsible for the formulation and implementation of monetary and banking, policies, to safeguard the banking sector and ensure the growth of the national economy in a balanced manner. PMA aims to maintain monetary and financial stability and to promote sustainable economic growth through the following:
Contents
- Jihad al wazir governor palestine monetary authority hashim shawa chairman bank of palestine
- Ragheb budeiri palestine monetary authority
- PMA Vision
- References
It is active in promoting financial inclusion policy and a member of the Alliance for Financial Inclusion. It is responsible for setting monetary policy as well as overseeing the activity of regular banks (or "high street banks").
PMA operates by an act of the Palestine Legislative Council PMA Law Number (2) of 1997 which outlined the full authority and autonomy of the PMA and the Banking Law Number 9 of 2010.
Ragheb budeiri palestine monetary authority
PMA Vision
To be a full-fledged and a modern central bank for an independent and sovereign Palestinian state, capable of achieving monetary stability and keeping inflation under control, and maintaining financial stability. Thereby, contributing to further development in the Palestinian financial sector, promoting integration into the regional and global economy, and ultimately, fostering high rates of sustainable economic growth in Palestinian Territory.