Governor of the Monetary Authority Informs UN Official About Challenges Facing the Banking Sector

SadaNews Economy - The Governor of the Monetary Authority, Yahya Shanar, briefed the UN's Special Coordinator for the Middle East Peace Process, Ramiz Al-Akbrov, on the developments in the Palestinian banking sector and the challenges it faces under the current circumstances.

During the meeting held at the Monetary Authority headquarters in Ramallah on Wednesday, Shanar reviewed the economic crisis resulting from the repercussions of the Israeli aggression and the efforts made by the Monetary Authority to ensure the continuity of banking services to meet the needs of citizens and the private sector in both the West Bank and Gaza Strip.

He emphasized the importance of continuing cooperation with international institutions to enhance the stability of the banking sector and enable it to serve the national economy by facilitating trade financing procedures both locally and internationally.

For his part, Al-Akbrov expressed his appreciation for the efforts made by the Monetary Authority in managing the financial and banking sector despite the complicated conditions, affirming the readiness of the United Nations to continue coordinating and cooperating to support economic and financial stability in Palestine.