Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 182/2025: Handling Payment Systems During 2026 Holidays and Official Occasions
The Palestine Monetary Authority issued Circular No. 182/2025 to regulate the operation of payment systems, specifically the Barq RTGS and Electronic Cheque Clearing systems, during official holidays in 2026. The circular mandates that banks maintain internal inter-bank settlements and liquidity while suspending external transfer requests on days when currency centers or Israeli banking systems are closed. It further reserves the Authority's right to reverse non-compliant transactions and reserves the right to update holiday schedules for any special or emergency occasions.
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