PMA chief steps down

The governor of the Palestine Monetary Authority, Amin Haddad, resigned on Wednesday 5 January, according to a Palestinian minister who was quoted in local press reports.

According to reports his appointment was approved by the late Palestinian leader Yasser Arafat but never ratified by parliament.

"The governor of the Palestinian Monetary Authority (the central bank) handed his resignation to Prime Minister Ahmed Qurie who accepted it," said negotiations minister Saeb Erakat who is also a memb