New York court lifts PMA freeze

A New York court has lifted a freeze on the US operations of the Palestine Monetary Authority, which acts as the Palestinian central bank, that was imposed in connection with the killing of two Americans in a Hamas shooting attack.

The judgment in the New York Supreme Court means the PMA can resume clearance transactions worth millions of dollars a day that were suspended by the Bank of New York two years ago, the PMA said.

The case relates to litigation by the family of Yaron Ungar, an America