RAMALLAH: The Palestinian Monetary Authority (PMA) said today that the Israeli occupation army’s storming of six exchange companies in several governorates in the West Bank aims to undermine confidence in the Palestinian banking sector, stressing that these companies were subject to its control and supervision.

The PMA said the Israeli act violates all international norms, laws, charters and agreements.

It affirmed that it is implementing the latest regulatory systems in the exchange sector to preserve the integrity of this sector, developing its business, and improving the services it provides to the public in accordance with international requirements and best practices, noting that it is actively following up on this attack with all relevant authorities.

The occupation forces raided six exchange companies in different cities in the West Bank, arrested several of their owners, and seized money from their safes after blowing them open.
Source: Palestine News and Information Agency – WAFA