Central Bank keeps Gaza salary discount at 25%
The Palestinian Monetary Authority issued new regulations to organize the deduction of salaries for public sector employees in Gaza. It set the maximum deduction rate at 25% of the due installment or payment, instead of the previous 50%. Additionally, it mandated that the value of loans granted to employees be fixed as of June 30, 2026, with no interest or additional profits imposed until their full repayment. The aim is to ease financial burdens and achieve stability in the banking sector amidst difficult economic conditions, as loans to public sector employees account for 65% of the total credit facilities in the sector.
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