Regulatory Alerts2025-01-01
Payment Circular No. 11 (2025) – Islamic New Year Holiday
The Palestine Monetary Authority has designated Thursday, June 26, 2025, as an official holiday for all payment service companies operating in Palestine to observe the Islamic New Year. Issued under Law No. 41 of 2022 concerning National Payments and endorsed by the Council of Ministers, this directive formally recognizes the specified date as a mandatory day off for payment service providers. The circular concludes with seasonal greetings to industry staff while reaffirming the national commitment to establishing an independent Palestinian state with Jerusalem as its capital.
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