PM leads session on Shekel impact and e-payments
Palestinian Prime Minister Mohammad Mustafa outlined a plan during a Sunday meeting of a special committee to promote the shift towards electronic payments in vital sectors. The goal is to reduce the currency pile-up of the Israeli shekel, which has been worsened by Israel’s refusal to transfer the surplus of that currency. The meeting focused on reviewing proposals to address the crisis and emphasized the importance of protecting the national economy by decreasing dependence on cash transactions—especially as cash reserves in banks accumulate and liquidity management becomes more challenging. The participants also discussed efforts by the international community to pressure the occupation authorities and the need to take additional steps to advance digital transformation.
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