Regulatory Alerts2025-01-01
Payment Services – Circular No. 17 (2025) – The Prophet's Birthday
The Palestine Monetary Authority issued Circular No. 17/2025 designating Thursday, September 4, 2025, as an official holiday for payment service companies in observance of the Prophet's Birthday. Grounded in National Payments Law No. 41/2022 and a Council of Ministers decision, the circular mandates the temporary closure of payment service operations on that date. The Governor’s message further aligns this observance with the national aspiration of establishing an independent Palestinian state with Jerusalem as its capital.
Palestine Monetary Authority
Circular No. (17/2025) To all payment service companies operating in Palestine Date: Tuesday, 02 September 2025
Subject: The Prophet's Birthday
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, 04 September 2025, as an official holiday in observance of the Prophet's Birthday.
On this blessed occasion, I extend my congratulations to all employees of payment service companies, and we pray that God may return this occasion to our Palestinian people with the fulfillment of their aspirations for establishing an independent State of Palestine with Jerusalem as its capital.
Yahya Al-Shannar Governor
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal code: 6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps