Will Palestinian central bank, currency ever see light of day?
A Palestinian central bank has been a long time in the making, and if Israel reacts as expected, it could be even longer before the institution becomes a reality.
There seems to be new activity toward establishing a long-awaited Palestinian central bank.
Palestine Monetary Authority (PMA) Gov. Azzam Shawwa revealed Jan. 14 that arrangements are being made for the bank, though he provided no details. He had noted in a Dec. 23, 2019, interview with the Saudi Mubasher Info news website that Palestinians have been dreaming of turning the PMA into a central bank for several years now. These expectations follow a decade of efforts that are to culminate with President Mahmoud Abbas’ ratification of the 2015 Banking Law, which deals with the Palestinian central bank specifically.
