PMA governor seeks G7 backing in Paris on correspondent banking and shekel surplus

Palestine Monetary Authority Governor Yahya Shunnar used meetings in Paris on November 1 to seek French and broader G7 support for preserving Palestinian correspondent banking links and for a durable mechanism to address excess shekel holdings in the Palestinian banking system. The move is a discrete, high-level financial-security intervention because both issues bear directly on cross-border payments, trade settlement, and the operating capacity of Palestinian institutions. No binding commitment was disclosed in the snippet, but the outreach itself is a live event for treasury and banking supervisors because follow-through by external partners could affect liquidity management and payment continuity within days.