Regulatory Alerts2025-01-01
Circular No. 7/2025: Summer Time in Palestine
The Palestine Monetary Authority issued Circular No. 7/2025 to all payment service companies operating in Palestine. The directive mandates the commencement of summer time on Saturday, April 12, 2025, requiring clocks to be advanced by 60 minutes. This change is implemented pursuant to the National Payments Law No. 41 of 2022 and a decision by the Council of Ministers.
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