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شبكة أجيال
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شبكة أجيال

2026-10-06T16:40:55.430Z

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Shanar: Extending Banking Terms Not a Long-term Fix

Shanar: Extending Banking Terms Not a Long-term Fix

Palestinian Monetary Authority Governor Yahya Shanar emphasized that continuing correspondent banking relationships with Israeli banks poses a serious threat to the Palestinian economy. He pointed out that the extension of these relationships until the end of 2026 is temporary and does not provide a permanent solution. Shanar called on the European Union to exert effective pressure to ensure the continuation of banking relations that facilitate essential trade and payment movements. He praised Palestinian banks' commitment to the highest anti-money laundering and counter-terrorism financing standards to strengthen confidence with the international financial community. He stressed the need for the European Union to take action to address the economic repercussions of Israeli measures and to maintain stability in the Palestinian financial sector.

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