Having independent Palestinian currency still unattainable

08:02, July 05, 2010      

Email | Print | Subscribe | Comments | Forum 

Palestinian National Authority (PNA) monetary department officials said Sunday that the Palestinians' dream of having their own independent currency "is still unattainable," adding that the PNA has carried out certain steps in this respect, but still slowly.

PNA monetary department chief Jihad al-Wazir said in a statement that his department is currently working intensively to finalize establishing the Palestinian monetary system in a bid to establish the Central Palestinian Bank, which is responsible for issuing the new stable Palestinian currency.

Right now, Palestinians in the West Bank and Gaza are using in their daily life various kinds of currencies, mainly Israeli shekel, U.S. dollar, euro, the Jordanian dinar and the Egyptian pound. The Palestinians used to have their own Palestinian pound before 1948.

The monetary department officials link between fulfilling all the needed terms and conditions for issuing the national Palestinian currency with the aim that was authored by Palestinian Prime Minister Salam Fayyad last August to build up the establishments of the independent Palestinian statehood.

"Since the beginning of last year, we have been working on a three-year-plan aiming at setting up a Palestinian monetary system that lead to the establishment of the central bank of Palestine that is able to issue our own independent Palestinian currency," said al-Wazir.


【1】 【2】 【3】

(Editor:黄蓓蓓)

  • Do you have anything to say?

双语词典
dictionary

  
Special Coverage
  • Premier Wen Jiabao visits Hungary, Britain, Germany
  • From drought to floods
Major headlines
Editor's Pick
  • On Sept. 28, tourists travel around the Mingshashan Scenic Area in Dunhuang, Gansu province by camel. With the National Day vacation right around the corner, more and more tourists from home and abroad are going to Dunhuang. Riding on a camel, they travel in the desert to enjoy the cities rare form of natural scenery. (Xinhua/Zhang Weixian)
  • Chinese forest armed forces work together with forest firefighters on Sept. 28. (Xinhua/Chai Liren)
  • Photo taken on Sept. 29, 2011 shows strong wind blows trees in Sanya, south China's Hainan Province. Typhoon Nesat heads towards south China and is moving at an average wind speed of 20 km per hour toward the west coast of China's Guangdong Province. (Xinhua/Hou Jiansen)
  • A fallen tree is seen on a road in Qionghai, south China's Hainan Province, Sept. 29, 2011. Typhoon Nesat was predicted to land in Hainan later Thursday, bringing heavy rainfalls to the island. (Xinhua/Meng Zhongde)
  • Arash Kamalvand (L) of Iran spikes the ball during the semifinal against South Korea at the 16th Asian Men's Volleyball Championship in Tehran, Iran, Sept. 28, 2011. Iran won 3-1 to advance to the final. (Xinhua/Ahmad Halabisaz)
  • A man visits "Thy Word Is Truth, the Bible Ministry Exhibition of the Protestant Church in China", during its opening at Mount Vernon Place United Methodist Church in Washington DC, capital of the United States, Sept. 28, 2011. Through the Bible's various Chinese versions, ancient or modern, as well as pictures, paintings, calligraphy, art works and historical documents, the exhibition was expected to give an overall understanding of how Bible was brought into China, how it was translated, published, distributed and loved. (Xinhua/Zhang Jun)
Hot Forum Discussion