Palestine launches new RTGS system
The Palestine Monetary Authority (PMA) on Monday launched its new interbank payments system.
The Real-Time Gross Settlement, or RTGS, system will handle the clearing and settlement of wholesale and retail payments in the territory.
"The creation of the new interbank payments system is part of the PMA's plan to transform itself into a full fledged central bank and is one of the key pillars in developing the transmission mechanisms in the Palestinian economy," Jihad Alwazir, the governor of the
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