Palestinian annual report highlights infrastructure progress
The Palestine Monetary Authority's (PMA) annual report for 2012, released earlier this month, highlights the economy's development "both at the legislative and regulatory levels".
Jihad Al Wazir, the PMA's governor, said the most prominent development was the creation of the payment systems law, which laid the ground work for what he called the "most modern [and] efficient" real-time gross settlement (RTGS) system in the region. The RTGS system is now also used for the settlement of stock market
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