Regulatory Alerts2025-01-01
Summer Time in Palestine No. (27)
The Palestine Monetary Authority requires all banks operating in Palestine to commence summer time on Saturday, April 12, 2025, by advancing clocks forward by sixty minutes. This directive, issued under Article 73 of Banking Law No. 9 (2010) and endorsed by the Council of Ministers, applies to all banking institutions and is coordinated with the Capital Market Authority, Palestine Exchange, Palestinian Deposit Insurance Corporation, and Financial Monitoring Unit. Banks must adjust their operational hours and public-facing schedules accordingly to align with the new time standard effective immediately upon publication.
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