IBAN Instructions | What is IBAN?
PMA seeks to be a full-fledged central bank through its strategic transformation plan; which is adopted due to the experiences of the international central banks. And it has been revised according to the Palestinian special circumstances.
Milestones of the strategy have been achieved by PMA. As well, the International Monetary Fund and the World Bank praised the achievements of the PMA and expressed its readiness to be a full-fledged central bank; since it has developed its capabilities in the field of financial stability, and its research and internal readiness of monetary stability.
The PMA is aiming at achieving an appropriate environment to attain price stability, and financial system stability for supporting the investment, economic growth, and employment; by organizing monetary policy, credit policy, banking policy and working for implementing it according to the general plan of the PA.
PMA is implementing several of Central Bank's duties such as: supervision over banks, Money Changers, and microfinance institutions, organizing the payment services, researches and statistics and spreading the banking and financial awareness. PMA implemented these duties in the best way due to the achievements that represent the consumer's confidence in the Palestinian banking system despite of the hardships, and the local, regional, and international crisis.