Read the text.. Palestinian agreement on measures to alleviate the shekel accumulation crisis

SadaNews Economy - Several Palestinian parties have agreed on a number of measures to alleviate the crisis of shekel accumulation in the Palestinian market.

Meetings were held between the Palestinian Federation of Chambers of Commerce, Industry, and Agriculture, the Monetary Authority, and the Palestinian Banks Association last Thursday, resulting in an agreement to gradually return to the previous situation starting next week.

The agreement includes several clauses, including the commitment of banks to accept cash deposits from customers based on previous deposit rates (the monthly deposit average).

It also stipulates that banks are obligated to accept deposits in the account's currency or the currency of commitment, without requiring deposits in dinar and dollar currencies. Additionally, banks may accept deposits that exceed the customer's monthly average, with a deposit period not exceeding three days.

It also stated that banks must maintain the limits of electronic channels for customers without reducing them and facilitate the provision of checkbooks to customers according to their needs while considering the policy of rationing the use of checks.