Regulatory Alerts2026-02-10
Added
Circular No. 14/2026 Regarding the Handling of Debts of UNRWA Employees
The Palestine Monetary Authority directs all banks operating in Palestine to contact UNRWA employees with existing facilities to restructure or reschedule their debts in alignment with reduced salaries effective February 1, 2026. Banks are required to negotiate new terms, allow borrowers to choose the most appropriate option based on financial impact, and promptly report these actions to the Authority. This directive applies specifically to employees of the United Nations Relief and Works Agency for Palestine Refugees in the Near East (UNRWA) whose income has been affected by operational changes.
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