3 Hrs
Source:
وكالة مدار نيوز
Haboalim and Disconet to end services for Palestinian banks
Israeli banks Hapoalim and Discount announced their intention to cease banking correspondent services with five Palestinian banks starting from August and September, respectively. This move threatens to disrupt financial transfers in shekels, the funding of imports, and the payment of salaries for public sector employees in Palestine. The measure is a response to increasing security and financial risks, as the two banks express a reluctance among banking institutions to take full responsibility for dealings with Palestinian banks amid Israeli pressure to halt these relationships. The World Bank warns that stopping or reducing correspondent banking services could cause instability in the Palestinian financial system and significantly impact its economy.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)