Palestine Monetary Authority governor resigns

George Abed, the governor of the Palestine Monetary Authority (PMA), resigned on Sunday after a controversial term during which the country's economy came under heavy pressure.

Abed cited his son's critical illness as the reason for his departure and said in a press conference that he would be reassigned to a post in Washington D.C., where his family lives, by Mahmoud Abbas, the Palestine president.

Abed was appointed governor of the PMA in April 2005, having previously been for many years wi

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