Regulatory Alerts2025-01-01
Circular No. 4: Isra and Mi'raj Holiday
The Palestine Monetary Authority, through Circular No. 4/2025 issued by Governor Yahya Shtai, mandates the suspension of banking operations on Monday, 27 January 2025, in observance of the Isra and Mi'raj holiday. This directive, grounded in Article 73 of Banking Law No. 9 (2010) and a Cabinet decision, applies to all banks operating throughout Palestine. The circular also distributes copies to the Capital Market Authority, Palestine Exchange, Palestinian Deposits Guarantee Fund, and Financial Monitoring Unit for record.
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