4 Hrs
Source:
شبكة راية الإعلامية
Gaza Currency Shifts to Commodity
The liquidity crisis in Gaza has been intensifying since the outbreak of the war, due to the destruction of bank premises and the disruption of banking services. This has led to a decline in trust in paper currencies and an increase in the phenomenon of the "idle shekel," where citizens possess money that cannot be used. Additionally, small denomination bills are dwindling, and currency trading and selling as commodities are rising. There is a gradual shift toward electronic payments, especially digital wallets, despite the limited infrastructure and the difficulty many populations, such as the elderly, face in using technology. While electronic payments help ease the crisis, they cannot entirely eliminate the need for paper currency. Maintaining a balanced system that integrates both digital and traditional cash is essential to meet the needs of all citizens under these exceptional circumstances.
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