Regulatory Alerts2014-01-01
Instructions No. 5 of 2014 Regarding Official Working Days and Hours for Banks
The Palestine Monetary Authority issued Instructions No. 5 of 2014 to standardize official working days and hours for all banks operating in Palestine. The directive mandates that banks operate from Sunday through Thursday, with daily hours from 8:30 AM to 2:30 PM, except on Thursdays when closing occurs at 1:30 PM. Additionally, the instructions authorize optional extended or holiday operations upon prior regulatory notification, mandate internal policy adjustments for compliance, and officially repeal the previous 2006 banking sector working hours circular.
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