19 Hrs
Source:
شبكة راية الإعلامية
Shanar urges preserving correspondent banking links
Palestinian Monetary Authority Governor Yahya Shonar warned against proposing alternatives to the existing correspondent banking relationships, emphasizing that addressing the challenges facing these relationships must be based on maintaining and sustaining them in accordance with current agreements. These relationships are essential for the stability of the Palestinian economy and the continuity of financial transactions. He explained that extending relations until the end of 2026 offers a temporary solution, but it is not sufficient as a long-term fix, and long-term solutions supported by a clear international stance are necessary to ensure their permanence. He also underscored that heavy reliance on correspondent banking relationships requires long-term measures, especially in a complex political and economic environment, including issues like the detention of settlement funds, which affect the provision of vital services to citizens.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)