Shannar Urges International Action to Address Challenges in the Palestinian Banking Sector
The Governor of the Palestinian Monetary Authority, Yahya Shonar, called for urgent international action to alleviate the challenges faced by the Palestinian banking sector as a result of Israeli measures and restrictions, which negatively impact financial stability and economic activity. He pointed out the ongoing accumulation of excess shekels in banks due to restrictions on cash shipments, which hampers financing services and threatens correspondent banking relationships—essential for trade movement and the flow of external payments. He emphasized that these challenges are affecting the private sector and the economic infrastructure, and urged the international community, especially Germany, to double efforts in supporting the stability of the Palestinian banking sector.
Notice: This Is an AI-Generated Summary
Comments (0)