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Palestine Monetary Authority Governor Yahya Shannar stepped up his meetings in Paris to rally international support for protecting Palestinian banks’ correspondent banking relationships and addressing the surplus of shekels and restrictions on liquidity. In talks with French officials, he discussed activating France’s role in the G7 and ensuring the continued flow of transfers and payments related to trade and essential services. He also outlined efforts to strengthen oversight and compliance with international standards. His engagements included coordination with officials from Arab central banks and participation in a Banque de France seminar, with the aim of advancing sustainable solutions to prevent risks to the Palestinian banking sector and economy from escalating.
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