VOL. XXXIX

No. 13/14

25-December-1995/1 January 1996

PALESTINE

PMA Takes Over Banking SupervisionIn Autonomous Areas

Supervision of the banking system in the autonomous areasunder the control of the Palestine Authority has formallypassed from the Bank of Israel to the Palestine MonetaryAuthority (PMA) under Mr. Fuad Bsisu. The Bank of Israelannounced on 21 December that 50 branches of thirteen foreign banks, including three branches belonging to theIsraeli banks Bank Leumi and the Mercantile...