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Source:
شبكة أجيال
Shinar: Israel to transfer 4.5B shekels from surplus
Israel has agreed to transfer approximately 4.5 billion shekels from the accumulated surplus cash held by Palestinian banks to the Israeli Central Bank, with implementation to begin immediately. This decision follows Palestinian efforts and initiatives led by Vice President Hussein Sheikh, in cooperation with international partners, aimed at addressing the shekel surplus crisis faced by the Palestinian banking sector, and enhancing liquidity at banks to ensure continuous service delivery amid difficult economic conditions. The move seeks to support the stability of the Palestinian banking sector and strengthen its financial ties with Israel.
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