Palestine Monetary Authority

Palestine Monetary Authority
سلطة النقد الفلسطينية(Arabic)
Palestine Monetary Authority Logo Palestine Monetary Authority Headquarters
Headquarters Ramallah, Palestine
Established 1994
Governor and Chairman Dr Jihad Al Wazir
Central bank of Palestine
Currency Jordanian Dinar, New Israeli Shekel NIS, and US Dollar $
Website http://www.pma.ps

The Palestine Monetary Authority (PMA) (Arabic: سلطة النقد الفلسطينية‎) [1] is the central bank of Palestine. It is located in Ramallah. The current governor is Dr Jihad Al Wazir.

The PMA was established by presidential decree in 1994 following the Oslo Agreement between the Palestine Liberation Organization and the State of Israel. Later it was established as an independent institution by an act of the Palestine Legislative Council under Law No. 2 of 1997 with full autonomy in the pursuit of its objective of monetary and financial stability.

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