19 Hrs
Source:
شبكة راية الإعلامية
Shinar: Palestinian Economy in Crisis
The Governor of the Palestinian Monetary Authority, Yihyeh Shanar, stated that the Palestinian economy is facing a financial and banking crisis with political dimensions resulting from Israeli measures. These include threats to correspondent banking relations and the withholding of clearance revenues, along with the accumulation of more than 15 billion shekels in surplus cash that is difficult to transfer back to Israel. This situation affects trade activities, payments, and the economy’s ability to meet its needs. He called for the establishment of permanent and clear banking arrangements to protect correspondent banking relationships and facilitate the repatriation of cash in proportion to economic activity. Despite these circumstances, the Palestinian banking sector continues to perform strongly, with a capital adequacy ratio exceeding 17% and adherence to international practices, aimed at strengthening trust and ensuring banking stability.
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