Special Committee on Shekel Crisis
The dedicated committee session, chaired by Prime Minister Mohammed Mustafa, focused on addressing the crisis of excess cash in the form of shekels held by Palestinian banks, which has resulted from the Israeli side's refusal to transfer the surplus currency. The participants discussed enhancing the shift to electronic payment systems as a strategy to reduce reliance on cash and lessen the crisis's impact on banking liquidity and the national economy, particularly in sectors with large cash payments. The Prime Minister emphasized the importance of coordination between the public and private sectors and of studying proposals from the Central Bank to ensure economic stability. He also reviewed the government's efforts to internationalize pressure on the occupation to adhere to agreements, amidst the challenges faced by the Palestinian financial sector due to the crisis.
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