Regulatory Alerts2026-04-23
Added
Circular No. 2026/13 Application of Minimum Wage
The Palestine Monetary Authority requires all banks operating in Palestine to implement the minimum wage as mandated by the Palestinian Labor Law, specifically addressing adjustments resulting from the fluctuation in the US Dollar/Jordanian Dinar to Shekel exchange rate. Banks are instructed to take necessary measures to comply with the attached letter from the Ministry of Labor. This directive applies to all banking institutions operating within the jurisdiction.
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