VOL. XLV

No 22

3-June-2002

PALESTINE

Palestinian Monetary AuthorityAnnounces New Banking Law

On21 May, Palestinian President Yasir 'Arafat approveda new banking law after it had been scrutinized by the Palestinian LegislativeCouncil. In a statement the Acting Governor of the Palestinian MonetaryAuthority (PMA), Amin Haddad, said that the new law,the first of its kind, will organize the banking system in the Palestinian territoriesunder the supervision of the PMA which fulfils the role of a...