The governor of the Palestine Monetary Authority, Jihad al Wazir, has said the authority will issue deposit certificates to banks this year to bolster the stability of the $9bn Palestinian territories' financial system, Bloomberg has reported. The plan calls for introducing a financial instrument that institutions could trade and that will be guaranteed by the central bank, he told the news service. 'Banks can buy CDs from the PMA and use them as collateral,' al Wazir was quoted as saying. 'The banks can exchange the CDs freely with each other and create an inter-banking system.'