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APAwire - APAwire CLIENTS ONLY, Ramallah - 21 March. Firas Melhem, the Governor of the Palestinian Monetary Authority speaks during a press conference in the West Bank city of Ramallah.

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RESTRICTION SUMMARY: APAwire CLIENTS ONLY SHOTLIST: APAwire - APAwire CLIENTS ONLY, Ramallah - 21 March. Firas Melhem, the Governor of the Palestinian Monetary Authority speaks during a press conference in the West Bank city of Ramallah. STORYLINE: Palestinian workers in Israel are expected to start getting their wages through banks located in the occupied territories sometime before the end of this year, today said Firas Melhem, the Governor of the Palestinian Monetary Authority (PMA). "Wages of the workers will be made through local banks. We are following up on this matter with the Israeli side, and we hope that this will be done before the end of this year," Melhem told reporters in Ramallah. He stressed that transferring the salaries of workers in Israel through banks will not result in additional costs, saying, "We discussed the matter with the Ministry of Finance, and we assure the workers that there will be no double taxation." The PMA Governor explained that this step "is in the interest of the workers and for their benefit, as it ensures that the Israeli employers do not tamper with their entitlements, in addition to providing the opportunity for these workers to benefit from banking services." He said that this step also contributes to shrinking the problem of the accumulation of the Israeli shekel currency in the Palestinian market at a time the Israeli side procrastinates in accepting the surplus of its currency in the Palestinian market. “We are always faced with the question about the source of this money,” he said, explaining that the workers in Israel inject around 18 billion shekels ($5.5 billion) in the market, which is in excess of the agreed quota of 13 billion shekels that will be returned to Israeli banks. Melhem said that the PMA's strategy for the next stage is to change to digital banking, including expanding electro

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