Regulatory Alerts2015-01-01
Instructions No. (7) of 2015 Regarding Bank Working Hours on Public Holidays and Official Leave
The Palestine Monetary Authority issued Instructions No. (7) of 2015 to regulate bank operating hours on public holidays, official leave, and emergencies. The directive establishes Friday and Saturday as the standard weekly holiday, permits limited daily extensions of up to three hours for specific payroll disbursements upon prior notification, and allows branches in and outside city centers to open on holidays subject to strict prior written approval and restricted service windows. All regulated banks must align their internal procedures with these provisions within six months, with the rules taking effect on July 1, 2015.
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