Regulatory Alerts2026-04-23
Added
Circular No. 13 Application of Minimum Wage
The Palestine Monetary Authority requires all specialized lending institutions operating in Palestine to take necessary measures to comply with the Palestinian Labor Law regarding the application of the minimum wage. This directive is issued in response to a letter from the Ministry of Labor, highlighting the need to adhere to approved minimum wage standards due to the impact of the exchange rate fluctuation between the US Dollar/Jordanian Dinar and the Israeli Shekel. The compliance obligation applies to all specialized lending institutions under the Authority's supervision.
Palestine Monetary Authority
Circular No. (13 / 2026) To all specialized lending institutions operating in Palestine Date: Thursday, April 23, 2026
Subject: Application of Minimum Wage
With reference to the above subject, please find attached a letter from the Ministry of Labor regarding the necessity of complying with the application of the approved minimum wage in accordance with the provisions of the Palestinian Labor Law, which has been affected by the decrease in the exchange rate difference of the US Dollar/Jordanian Dinar against the Shekel.
Accordingly, all lending institutions are requested to take the necessary measures to comply with the requirements of the attached letter.
Supervision Group Palestine Monetary Authority
www.pma.ps Ramallah & Al-Bireh Governorate - Palestine P.O. Box 452 Postal code: 6160675 | Tel: +970 2 2415251 | Fax: +970 2 2415310 | info@pma.ps
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