Regulatory Alerts2025-01-01
Circular No. 1/2025 - Isra and Mi'raj Holiday
The Palestine Monetary Authority issued Circular No. 1/2025 to mandate a holiday for all specialized lending institutions operating in Palestine. The directive requires the suspension of business operations on Monday, January 27, 2025, in observance of the Isra and Mi'raj commemoration. This closure is implemented pursuant to Article 22 of Decision No. 132 of 2011 concerning the licensing and supervision of specialized lending institutions.
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