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The Governor of the Monetary Authority Dr.George Alabed on the end of the first phase of the Strategic Shift plan

2007-09-19

 

Governor Monetary Authority Dr. George Alabed: the problem is not in the issuance of the national currency, but to preserve the value and durability, the end of the first phase of the plan to convert Monetary Authority Palestinian central bank
A Monetary Authority Governor George Alabed from the end of the first phase of a plan to develop strategic shift Monetary Authority and reconstruction procedure of transition to a Palestinian central bank full powers and that he was raised capital Monetary Authority of $ 15 million to $ 60 million has been conducting an internal substantial The modern slave during yesterday with the representatives of local newspapers in the Monetary Authority headquarters in Al-Bireh that the first phase of the conversion plan was to complete tasks Constituent Monetary Authority and the restructuring of services, systems and the formation of all departments required to form the basis for starting towards a Bank capable of issuing the national currency in the future, the management of monetary policy in accordance with the rules of banking in the developed countries and between the Monetary Authority faced in previous years, some of the problems and complexities of its skeleton foundation administrative led to weaken and reduce their capacity to exercise its distinctive in the Palestinian economy, but since the beginning of 2005 to their highest resorted to the implementation of the program radical reform included all aspects of the institution"s work, based on a strategic transformation plan for conversion from a limited control functions to the central bank full powers capable of the success of the process of issuing the national currency and the management of monetary policy when political conditions permit so

 


 

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