Origins of Fokka in Gaza
Gaza is facing a severe shortage of small denomination currency notes ("loose change"), which hampers daily transactions and impacts commercial activity and essential services. This issue forces citizens and merchants to carry out transactions manually or cancel them, leading to a decline in trust between vendors and customers, as well as disrupting transportation services and small businesses. The crisis is linked to the outbreak of war and the destruction of the banking infrastructure, along with weak technological infrastructure and a deteriorating local economy, posing a threat to food security and limiting electronic payment options.
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