Money Management and Mechanism in Palestinian Economy in Multi-Currencies Context

Title

Money Management and Mechanism in Palestinian Economy in Multi-Currencies Context

Project Year

2011

Region

Middle East

Country

Palestine

Project Description

The Palestinian economy belongs to emerging economies with GDP of 6.5 billion USD. It has unique conditions as a service economy, with a significant role in public sector contribution, including the Palestinian National Authority budget, the UNRWA budget which is allocated to Refugees that live inside the PNA territories, and many NGOs financed by international aids. In addition to that, there are significant annual incoming workers' remittances to the Palestinian economy. Finally, the most unique aspect of this economy, it has no national currency, and instead three official currencies are in use including JD, US$, and NIS. This project aims to examine how clients move from one currency to another in case of saving, loans and conducting business transactions. In addition, this proposal aims to point out to what extent internet-banking, ATMs and other electronic money instruments are used, and what major problems and technical and social issues are attached to such processes. This will cover the financial system including the official banking system, and moneychanger firms. Finally, this proposal aims to point out the practices in closeting the three or more currency positions (short, long and flat) by Banks in each of the end working days.

Researcher(s)

Nidal Rashid Sabri, Diama Abu Laban, Deema Waleed Haniya

About the Researcher(s)

Nidal Rashid Sabri is a Professor and Dean of the College of Commerce and Economics at Birzeit University, Palestine, and received his doctoral degree from the University of Northern Colorado, USA. He served as a consultant on several missions with UN firms including: UN- ESCWA, UNDP, UNIDO, UNCTAD, UN-HABITAT, and ILO. He also served as scholar at the research department in International Monetary Fund (IMF) in Washington DC. He has published in various academic journals including: International Journal of Business and Emerging Markets, Research in International Business and Finance, Review of Accounting and Finance, International Journal of Commerce and Management, Small Business Economics, International Review of Comparative Public Policy, Middle East Business Review, Journal of International Accounting, Auditing and Taxation, etc. He is the author of twenty five books including: Stability of International Stock Markets (Nova Science Publishers, NY, 2007) Financial Markets and Institutions in the Arab Economy (Nova Science Publishers, NY, 2008), Arab Financial Institutions (Nova Science Publishers, NY, 2009), and The Role of Arab Funds in Developing Regions. In addition, he served as an editor to International Financial Systems and Stock Volatility (Elsevier Science Publisher, 2002).

Researcher 2

Diama Abu Laban is working as a lecturer of the finance and banking department at the College of Commerce and Economics at Birzeit University, Palestine. In addition, she works as a coordinator with Palestinian Stock Exchange in stock simulation trading program. Her major research interest is International Finance.

Researcher 3

Deema Waleed Haniya is working as a lecturer at the businesses administration department in the College of Commerce and Economics at Birzeit University, Palestine. She also worked as Chairperson Assistant of Business administration Department at Birzeit University.

Citation

“Money Management and Mechanism in Palestinian Economy in Multi-Currencies Context,” Institute for Money, Technology & Financial Inclusion (IMTFI) Research Projects, accessed March 28, 2024, https://imtfiresearch.omeka.net/items/show/6527.

Output Formats