Palestine Monetary Authority


The Palestine Monetary Authority is the emerging central bank of Palestine. It is located in Ramallah, and 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:
PMA is active in promoting financial inclusion policy and a member of the . It is responsible for setting monetary policy as well as overseeing the activity of regular banks.
PMA operates by an act of the Palestine Legislative Council PMA Law Number of 1997 which outlined the full authority and autonomy of the PMA and the Banking Law Number 9 of 2010.
The logo of the PMA pays homage to the Palestinian pound, minted and circulated under the British Mandate. The logo contains the name of the PMA in English and Arabic, written on the historic 5 Mils coin.

PMA vision

PMA's vision is 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 the Palestinian territories.

Governors

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