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Palestinian officials encourage competition among banks

The Palestinian government in Ramallah will begin allowing Palestinian banks to compete with Bank of Jordan branches in the territories to collect citizens' payments for licenses and taxes owed to the Ministry of Transportation.
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GAZA CITY, Gaza Strip — Palestinian banks soon will be able to compete to collect certain fees and taxes for the Ministry of Transportation's directorates in the West Bank.

The government made that decision Aug. 26 and gave the Ministry of Transportation two weeks to prepare an implementation plan and officially notify banks to begin the tax collection process. The decision is expected to go into effect in the next few weeks, Palestinian government Spokesperson Ibrahim Melhem told Al-Monitor.

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