Regulatory Alerts2025-01-01
Circular No. 25/2025 Regarding Salaries of Open University of Palestine Employees Borrowers
The Palestine Monetary Authority issued Circular No. 25/2025 instructing banks to apply regulatory guidelines regarding employee loan installments due to irregular salary payments at the Open University of Palestine. This directive follows a letter from the University President confirming that salaries for September and October 2025 will be disbursed at 75% of the standard rate. Consequently, banks are requested to deduct only 25% from employees' scheduled loan installments, ensuring the total deduction does not exceed 50% of the transferred salary.
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