Regulatory Alerts2022-01-01
Instructions No. 4 of 2022 Regarding Official Working Hours
The Palestine Monetary Authority issued Instructions No. 4 of 2022 to regulate the official working hours and operational schedules of licensed money changers. The directive mandates a minimum of seven daily working hours starting at 8:00 AM, allows a maximum of two days of weekly leave, and requires prior notification or written approval for any weekday closures. It further obligates money changers to publicly display their operating schedules and establishes penalties for non-compliance under the prevailing Money Changer Licensing and Regulation Decision.
Share