Palestinians Vote on Monetary Authority

[emad]

Wednesday May 5, 2004 4:16 PM

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RAMALLAH, West Bank (AP) - The Palestinian parliament fired the head of the Palestinian Monetary Authority on Wednesday after an investigation showed he was involved in corruption and mismanagement.

Amin Haddad was the first high-ranking Palestinian official fired by the parliament for corruption.

The monetary authority monitors the flow of money in the Bank of Palestine, and a parliament investigation said the bank's losses increased from $11 million to $34 million in three years.

The Palestinian Authority assumed control over the private bank after the initial $11 million loss.
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More:
http://www.guardian.co.uk/worldlatest/story/0,1280,-4056548,00.html

Maybe they'll join The Euro!