The Governor of the Monetary Authority Discusses with a Delegation from the Jerusalem Chamber of Commerce the Challenges Facing the Commercial Sector in Jerusalem

SadaNews: His Excellency the Governor of the Monetary Authority, Mr. Yahya Shanar, met with a delegation from the Jerusalem Chamber of Commerce and Industry, which included the General Director of the Chamber Mr. Loai Al-Husseini, and Mr. Nasser Abu Reesh, Mr. Ziad Hindi, and Mr. Habib Al-Hroub, in the presence of the Deputy Governor Mr. Muhammad Manasra.

During the meeting, the governor emphasized the importance of supporting the economy in the city of Jerusalem and strengthening the steadfastness of its residents, stressing the need for coordinated efforts from official bodies and private sector institutions to provide a supportive financial and banking environment that contributes to empowering economic activities, ensuring the continuity of commercial establishments, and enhancing economic development in the city.

The governor reviewed the conditions of the banking sector, and the efforts made by the Monetary Authority to overcome the challenges and obstacles it faces, foremost among them the issue of the accumulation of the shekel, which contributes to facilitating the completion of financial and banking transactions for traders and various categories of clients.

The governor pointed to the developmental and financial programs managed by the Monetary Authority, and their role in supporting economic sectors, particularly medium, small, and micro-projects, referring to the program for financing projects within the walls of Jerusalem, supported by the Monetary Authority, as a strategic initiative to enhance the steadfastness of Jerusalemites and support economic projects in the Old City, by providing affordable financing for projects of various sizes and types, contributing to protecting the Palestinian presence and enhancing economic development in the city.

For its part, the delegation from the Jerusalem Chamber of Commerce and Industry informed the governor of the main challenges facing the commercial sector in the holy city and the ways to address those challenges to uplift the commercial sector in Jerusalem. The delegation appreciated the efforts made by the Monetary Authority to maintain the stability of the banking sector, support the national economy, develop financial and banking services, and launch funding and developmental programs that contribute to supporting economic activities and enhancing the steadfastness of Jerusalemites.