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.
[Logo of the Palestine Monetary Authority]
Palestine Monetary Authority PALESTINE MONETARY AUTHORITY
Circular No. (11 / 2025) To all payment service companies operating in Palestine Date: Wednesday, June 25, 2025
Subject: Islamic New Year Holiday
Based on the provisions of Law No. (41) of 2022 concerning National Payments, and in consultation with the esteemed decision of the Council of Ministers, it has been decided to designate Thursday, June 26, 2025, as an official holiday in observance of the Islamic New Year.
On this blessed occasion, I extend my sincere congratulations and best wishes to all employees of payment service companies, and we pray to God that He may return it to our Palestinian people with the fulfillment of their aspirations for establishing an independent State of Palestine with Jerusalem as its holy capital.
May you be well every year.
[Signature] Yahya Al-Shannar Governor
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal Code: P6160675 | Phone: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps