Palestinian Finance Minister: Israel's banking threats aim to ruin economy

Israel's threats to cut banking relations with the Palestinians are an attempt to destroy the Palestinian economy and prevent the establishment of a viable state. Such measures would halt the supply of essential services like water, electricity, and fuel to Palestinian areas, exacerbating the suffering of the population. Major Israeli banks plan to suspend banking correspondent services, which serve as a primary channel for money transfers. This could significantly disrupt the commercial movement that relies on Israel for up to 90%, potentially leading to a rapid economic collapse in the Palestinian territories.

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