The Monetary Authority Invites the Public to Participate in Providing Feedback on the Draft Law to Reduce Cash Usage - Sada News Agency

The Monetary Authority Invites Public Feedback on Draft Law to Reduce Cash Usage

The Monetary Authority has called on all citizens and interested parties to review the draft law aimed at reducing cash usage. This draft was developed in collaboration with several official bodies and the private sector, reflecting the Authority's dedication to transparency and public partnership.

Objectives of the Draft Law

The Authority explained that the draft law aims to create a more efficient and secure financial environment, address the issue of cash accumulation in the Palestinian market, and promote the transition to electronic payment methods benefiting both individuals and institutions.

Encouraging Public Participation

Emphasizing the importance of community involvement, the Monetary Authority invites the public to share their opinions and suggestions during this stage of the law-making process. Citizens can access the draft text and submit feedback through the official website.

“Based on its commitment to enhancing transparency and partnership with the public.”
“[The law] aims to develop a more efficient and secure financial environment, to overcome the problem of cash accumulation in the Palestinian market, and to encourage the shift toward electronic payment methods that serve individuals and institutions alike.”

Author’s summary: The Monetary Authority encourages public feedback on a draft law designed to reduce cash use and promote secure electronic payments in Palestine’s financial market.

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وكالة صدى نيوز وكالة صدى نيوز — 2025-11-03

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