Regulatory Alerts2026-04-23
Added
Circular No. 47/2026 Implementation of Minimum Wage
The Palestine Monetary Authority requires all banks operating in Palestine to take necessary measures to comply with the Ministry of Labor's directive on implementing the approved minimum wage. This implementation is necessitated by the impact of the exchange rate fluctuation between the US dollar and the Jordanian dinar against the Israeli shekel on the wage standards defined under the Palestinian Labor Law. Banks are instructed to issue internal circulars to ensure their supervised entities adhere to these requirements.
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