VOL.XXXIXNo. 5728-October-1996PALESTINE

PalestinianOfficial Calls On Local Banks To Invest More In Autonomous AreasThe Governor of the Palestinian Monetary Authority, Mr.Fuad Bsisu, has criticized local banks in the autonomous areas of Gaza andthe West Bank for investing their funds abroad ratherthan in the autonomous areas. Mr. Bsisu estimated thatout of a total $1.8bn in local deposits, more than$1bn was invested abroad, with only $300mn lent internally toPalestinians, and urged local...