Identifier
Created
Classification
Origin
06JERUSALEM4349
2006-10-02 10:10:00
CONFIDENTIAL
Consulate Jerusalem
Cable title:
PA PRESIDENT'S OFFICE DISBURSES NIS 1500
how-toVZCZCXYZ0016 OO RUEHWEB DE RUEHJM #4349 2751010 ZNY CCCCC ZZH O 021010Z OCT 06 FM AMCONSUL JERUSALEM TO RUEHC/SECSTATE WASHDC IMMEDIATE 5201 INFO RUEHXK/ARAB ISRAELI COLLECTIVE PRIORITY RUEATRS/DEPT OF TREASURY WASHDC PRIORITY
C O N F I D E N T I A L JERUSALEM 004349
SIPDIS
SIPDIS
NEA FOR FRONT OFFICE; NEA/IPA FOR WILLIAMS/MAHER/STEINGER;
OPS PLEASE PASS TO NSC FOR ABRAMS/DORAN/WATERS; TREASURY
FOR SZUBIN/LOEFFLER/NUGENT/ADKINS;
E.O. 12958: DECL: 09/29/2016
TAGS: EFIN EAID KWBG
SUBJECT: PA PRESIDENT'S OFFICE DISBURSES NIS 1500
ALLOWANCES
REF: JERUSALEM 4232
Classified By: Consul General Jake Walles, Reasons 1.4 (b) and (d).
C O N F I D E N T I A L JERUSALEM 004349
SIPDIS
SIPDIS
NEA FOR FRONT OFFICE; NEA/IPA FOR WILLIAMS/MAHER/STEINGER;
OPS PLEASE PASS TO NSC FOR ABRAMS/DORAN/WATERS; TREASURY
FOR SZUBIN/LOEFFLER/NUGENT/ADKINS;
E.O. 12958: DECL: 09/29/2016
TAGS: EFIN EAID KWBG
SUBJECT: PA PRESIDENT'S OFFICE DISBURSES NIS 1500
ALLOWANCES
REF: JERUSALEM 4232
Classified By: Consul General Jake Walles, Reasons 1.4 (b) and (d).
1. (SBU) The PA Presidency publicly confirmed September 28
that it disbursed USD 65 million total in allowances, funds
for overseas missions, and payments to some suppliers this
week, using funds received from Saudi Arabia (USD 15 million)
and Qatar (USD 50 million). Allowances of NIS 1500 (USD 345)
would be deposited in bank accounts that evening for the same
group that had received back-to-school allowances in August.
2. (C) PA Presidential Economic Advisor Mohammed Mustafa
confirmed September 28 to EconChief that commercial banks
would deduct up to 20 percent of an allowance if the
recipient owed an outstanding loan payment to the bank.
According to Mustafa, the Presidency had tried to convince
the banks to only deduct ten percent but the banks had
refused. Palestinian Monetary Authority Governor George Abed
told EconChief September 28 that banks had been making
deductions for outstanding loan payments on Temporary
International Mechanism payments as well. Abed said that the
overall portfolio of PA employee loans held by commercial
banks had actually decreased by about USD 35 million within
the last couple months.
WALLES
SIPDIS
SIPDIS
NEA FOR FRONT OFFICE; NEA/IPA FOR WILLIAMS/MAHER/STEINGER;
OPS PLEASE PASS TO NSC FOR ABRAMS/DORAN/WATERS; TREASURY
FOR SZUBIN/LOEFFLER/NUGENT/ADKINS;
E.O. 12958: DECL: 09/29/2016
TAGS: EFIN EAID KWBG
SUBJECT: PA PRESIDENT'S OFFICE DISBURSES NIS 1500
ALLOWANCES
REF: JERUSALEM 4232
Classified By: Consul General Jake Walles, Reasons 1.4 (b) and (d).
1. (SBU) The PA Presidency publicly confirmed September 28
that it disbursed USD 65 million total in allowances, funds
for overseas missions, and payments to some suppliers this
week, using funds received from Saudi Arabia (USD 15 million)
and Qatar (USD 50 million). Allowances of NIS 1500 (USD 345)
would be deposited in bank accounts that evening for the same
group that had received back-to-school allowances in August.
2. (C) PA Presidential Economic Advisor Mohammed Mustafa
confirmed September 28 to EconChief that commercial banks
would deduct up to 20 percent of an allowance if the
recipient owed an outstanding loan payment to the bank.
According to Mustafa, the Presidency had tried to convince
the banks to only deduct ten percent but the banks had
refused. Palestinian Monetary Authority Governor George Abed
told EconChief September 28 that banks had been making
deductions for outstanding loan payments on Temporary
International Mechanism payments as well. Abed said that the
overall portfolio of PA employee loans held by commercial
banks had actually decreased by about USD 35 million within
the last couple months.
WALLES