Regulatory Alerts2022-01-01
Circular No. 87/2022 - Cabinet Decision No. 4 of 2021 Regarding the Minimum Wage
The Palestine Monetary Authority issued Circular No. 87/2022 to enforce Cabinet Decision No. 4 of 2021, which establishes a mandatory minimum wage of 1,880 New Israeli Shekels per month for all sectors in Palestine. The decision also sets daily and hourly minimum rates at 85 and 10.5 Shekels respectively for casual and seasonal workers, while incorporating tripartite committee agreements into the regulatory framework. Payment service companies operating in Palestine are explicitly directed to comply with these wage standards effective from the beginning of 2022.
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