23 Hrs
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اقتصاد
Shekel Surplus Impact on Palestinian Economy
Israel has agreed to transfer 4.5 billion shekels (approximately $1.5 billion) from Palestinian banks, but this remains a temporary solution that does not address the fundamental crisis of the Palestinian economy. The banking sector needs to transfer around 28 billion shekels annually, whereas Israel is only transferring 18 billion shekels, leading to a buildup of funds, lost profits, and high costs associated with safeguarding the money. Additionally, the salary crisis worsens due to the detention of the monthly customs funds. This measure is partial, as it contributes only modestly to enhancing liquidity; however, the financial crisis is escalating because of restrictions on fund transfers. The suffering of citizens intensifies as funds continue to be held and Israeli laws are enforced that undermine Palestinian financial support efforts.
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