Regulatory Alerts2025-01-01
Circular No. 29/2025: Easter and World Labour Day Holidays
The Palestine Monetary Authority issued Circular No. 29/2025 to suspend operations in all Palestinian banks on Sunday, 20 April 2025 (Easter) and Thursday, 1 May 2025 (World Labour Day). The directive mandates full closure for all banking institutions in compliance with Article 73 of Banking Law No. 9 of 2010 and the Council of Ministers' decision. Copies have been distributed to key financial regulatory bodies, including the Capital Market Authority, Palestine Exchange, Palestinian Deposit Insurance Corporation, and Financial Monitoring Unit.
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (29 / 2025) To all banks operating in Palestine Date: Wednesday, 16 April 2025
Subject: Easter and World Labour Day Holidays
Based on the provisions of Article No. (73) of Banking Law No. (9) of 2010, and in consultation with the esteemed decision of the Council of Ministers, it has been decided to suspend operations in all banks operating in Palestine on Sunday, 20/04/2025, for Easter, and on Thursday, 01/05/2025, for World Labour Day.
On these two occasions, I extend my congratulations to all employees in the banking sector of Palestine, and we pray that God may return them to our Palestinian people with their wishes fulfilled in establishing the independent State of Palestine and its holy capital, Jerusalem.
Yahya Shtaiwi Governor
- Copy to: The Capital Market Authority.
- Copy to: The Palestine Exchange.
- Copy to: The Palestinian Deposit Insurance Corporation.
- Copy to: The Financial Monitoring Unit.
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6106075 | Phone: +970 2 2415251 | Tel: | Fax: +970 2 2415310 | Email: info@pma.ps