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2014-04-13

Palestine Monetary Authority signs a Memorandum of Understanding with Central Bank of Sweden

PMA Governor, Dr. Jihad Al Wazir signed a Memorandum of Understanding (MoU) with the Governor of the Central Bank of Sweden (Riksbank), Dr. Stefan Ingves. The purpose of the MoU is to promote mutual cooperation and expertise exchange in the fields of financial stability, monetary policies, payment systems and market operations. In accordance with the MoU, academic visits and consultancies will be exchanged. Joint workshops, training and technical support programmes aimed at the development of work approach in central banks will also be undertaken.

The MoU was signed on the sidelines of the Meetings of the World Bank and the International Monetary Fund held during April 9-13 in Washington DC. Commenting on the signature of the MoU, Al Wazir said that the PMA is making continuous effort to foster its international relations with sister and friendly central banks.

It is noteworthy to mention that the PMA has signed numerous other memoranda of understanding with the central banks of Jordan, Egypt, Morocco, Algeria and Bolivia contributing to enhance its international role among peer institutions. Such memoranda also foster joint efforts that promote monetary and financial stability at local, regional and global levels.