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2007-09-23
A press statement issued by the Palestine market for securities bourse Palestinian Monetary Authority values the role to support investment in equities
Palestinian Monetary Authority issued a circular to all banks operating in Palestine on May 19 September, on the subject of ongoing financing investment in trade shares in the market for securities of Palestine. Under this circular banks are allowed to grant Palestinian facilities for trade and investment in public shareholding companies listed bourse according to the Palestinian conditions and specific controls.
The circular issued by the Palestinian Monetary Authority set of instructions that allowed banks lending to trade shares listed companies Palestinian, ensuring shares purchased, and provide maximum protection for investors, and a favorable environment for investment. The circular also stipulates, provide facilitation for the implementation of remittances received for goals Palestine circulation in the market for securities, and develop administrative procedures to deal with cash deposits before can fulfill their obligations. Sent HE Dr. Hassan Abolibdeh, Chairman of the Board and Chief Executive, the Palestinian market for securities, letter of thanks to His Excellency Dr.. George Abd governor Monetary Authority, which he lauded for his last great effort, and understanding of the needs and support of the Palestinian stock exchange, and support for the Palestinian economy. Dr. Abolibdeh to Palestine that the market for securities, valued the role of the Palestinian Monetary Authority in the issuance of this resolution, which would have a significant impact on the financing of the investment and the sale and purchase of shares in the Stock Exchange of Palestine, highlights the importance of this circular to increase investment, and supporting activity in the financial market Palestine. It would reflect the reality positively towards reviving the Palestinian economy and move the wheel growth.
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