Palestinian Monetary Authority considers issuing digital currency – Roya News English

Palestinian Monetary Authority considers issuing digital currency – Roya News English

Tursday, the Palestinian Monetary Authority said that it is considering issuing a digital currency, which would be considered a symbolic blow for monetary independence from the Israeli Occupation.

Under 1990s accords with the Israeli Occupation, Palestinians agreed not to immediately create their own currency and therefore use the shekel, Jordanian dinar and US dollar.

During an interview with Bloomberg, the Palestinian Monetary Authority Governor Feras Melhem said there are two ongoing studies regarding cryptocurrencies but no decision has been made to date. He added that they hope to eventually utilis digital currency “for payment systems in our country and hopefully with Israel and others to use for actual payments.”