Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 7 of 2025: Summer Time in Palestine
The Palestine Monetary Authority issued Circular No. 7 of 2025 to all specialized lending institutions operating in Palestine, mandating the commencement of summer time. The directive requires clocks to be advanced by 60 minutes starting on the morning of Saturday, April 12, 2025. This regulatory change is implemented under Article 22 of Decision No. 132 of 2011 concerning the licensing and supervision of specialized lending institutions.
Palestine Monetary Authority
Circular No. (7/2025)
To all specialized lending institutions operating in Palestine Date: Thursday, March 27, 2025
Subject: Summer Time in Palestine
Based on the provisions of Article No. (22) of Decision No. (132) of 2011 concerning the licensing and supervision system for specialized lending institutions and its amendments, and in light of the esteemed decision of the Council of Ministers, we inform you of the commencement of summer time in Palestine effective from the morning of Saturday, April 12, 2025, by advancing the clock hands by 60 minutes.
Supervisory Group Palestine Monetary Authority
Note: Below, contact information is provided: Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 - Ramallah & Al-Bireh Governorate - Palestine P.O. Box info@pma.ps | Fax: +970 2 2415310 | Tel: +970 2 2415251 | Postal code: P6160675 www.pma.ps