Regulatory Alerts2025-01-01
Palestine Monetary Authority Circular No. 88/2025: Extension of Board Validity for Charitable Associations and Civil Bodies in Southern Governorates
The Palestine Monetary Authority issued Circular No. 88/2025 to all banks operating in Palestine, instructing them to facilitate the continuity of operations for charitable associations and civil bodies in the southern governorates. This directive implements the Ministry of Interior's decision to extend the validity of board approvals for these entities in Gaza from three to six months due to the ongoing war. Banks are required to comply with legal provisions and ensure smooth banking transactions for these organizations while directing them to obtain necessary approvals from the Ministry of Interior.
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