Regulatory Alerts2026-04-23
Added
Circular No. 14 Application of Minimum Wage
The Palestine Monetary Authority requires all payment service companies operating in Palestine to take necessary measures to comply with the Palestinian Ministry of Labor's directive on applying the approved minimum wage. This requirement is triggered by the impact of the exchange rate fluctuation between the US Dollar/Jordanian Dinar and the Israeli Shekel on wage calculations. The directive mandates adherence to the provisions of the Palestinian Labor Law regarding minimum wage enforcement.
Palestine Monetary Authority
Circular No. ( 14 / 2026 ) To all payment service companies 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 between the US Dollar/Jordanian Dinar and the Shekel.
Accordingly, all payment service companies 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 - Ramallah & Al-Bireh Governorate - Palestine P.O. Box info@pma.ps | Fax: +970 2 2415310 : Fax | Tel: +970 2 2415251 : Telephone | Postal code: P6160675 : Postal Code
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