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2020-04-16

Al-Shawa: The Monetary Authority will take deterrence measures against anyone who exploits the current conditions to avoid paying checks.

Palestine Economy Portal

 

The Governor of the Monetary Authority, Azzam Al-Shawa, discussed, with a delegation from the Ramallah and Al-Bireh Chamber of Commerce and Industry, today, Thursday, the mechanism for the Monetary Authority and banks to deal with checks returned during the emergency period.

Al-Shawa affirmed during the meeting that all the procedures related to the state of emergency that the Monetary Authority has taken, especially with regard to the checks due, aimed at maintaining financial stability, mitigating negative economic effects on citizens and all economic sectors, arranging their financial obligations and preserving their rights to collect their money, indicating that the authority Criticism is in continuous follow-up of health status developments and it is drafting its decisions according to these developments in a way that guarantees the safety of citizens and their access to banking services.

And that the monetary authority will take exceptional deterrent measures against anyone who works to exploit these conditions to dodge paying checks.

The delegation praised the role of the Monetary Authority in dealing with the crisis and the role of the banking sector in continuing to provide banking services, despite the current health situation in order to maintain financial stability for the Palestinian banking sector.

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