/ Monday, August 31, 2020 / Categories: Banks, PMA, Ads, Microfinance Institutions Palestine Monetary Authority’s Governor says, “No deduction from transferred July salary payment to public sector employees.” Ramallah and Al- Bireh, August 31, 2020 - His Excellency the Governor of Palestine Monetary Authority, Mr. Azzam Shawwa, confirmed today that there would be no deduction made from transferred July salary payment to public sector employees who had borrowed from banks.Palestine Monetary Authority has instructed banks not to deduct the outstanding premiums from the transferred payment, while redistributing the value of the outstanding premium in installments of the loan life without charging any fees, commissions or interests, including contractual interest. says to Mr. Shawwa. The instructions are aimed at mitigating the economic effects of the current crisis and the coronavirus crisis, and taking into account the circumstances of public sector employees, according to Mr. Shawwa. Previous Article The PMA Business Cycle Index (PMABCI) – August 2020 Next Article Palestine Monetary Authority: Reopening Bank Branches in the Southern Governorates (Gaza Strip) Starting Tuesday Morning Print 2356