Board of Directors


The Board of Directors is the highest decision-making body of the PMA which oversees operations and adopts broad policy decisions including the conduct of monetary policy to achieve established goals, the adoption and dissemination of prudential regulations, the granting and revoking of licenses for banks, money changers and specialized lending institutions, and the restructuring of financial institutions. The Board is appointed by the President of the Palestinian Authority (PNA) in accordance with the law. The term of the Board, including that of the Governor and Deputy Governor is set in line with general international best practice to be longer than that of the appointing authority, the President of the PA.


His Excellency Dr. Feras Milhem

Governor and Chairman of PMA

Feras Milhem is a PhD. holder of Law from the Vrije University Brussel in 2004, he got his master's degree from Birzeit University in 2000 at Commercial Law. He got his first degree in law from Fez-Morocco. He is a member of the Palestinian Bar Association.

He has gained in-depth experience in his field; he has served as the team leader of the Rule of Law (Justice and Security) in the office of the Quartet for more than seven years, also has been in charge of the Economic Relationship portfolio.

He was responsible of the Palestine Monetary Authority Ombudsperson Office for four years, and was a member of its board of directors for five years. He was an expert in judicial training in the Attorney-General's Office through the United Nations Office of Project Services (UNOPS) for one year, and served for three years as Deputy Head of the Law Team and a key expert within the European Union-funded Palestinian Justice Project to strengthen the Palestinian Judiciary.

For nearly eighteen years, Dr. Milhem has worked as a researcher and consultant on several legal and economic projects.  Dr. Milhem was a lecturer at Birzeit University Law School from 2004 to 2009, and was an adviser to the Palestinian Minister of Interior from 2007 to 2009. He has also contributed to several studies, including with the MAS Institute.


Board of Directors

Previous Governors