19 Hrs
Source:
شبكة أجيال
Central Bank warns of Palestine crisis
Palestinian Monetary Authority Governor Yahya Shanir confirmed that the Palestinian economy is facing a severe crisis due to Israel's withholding of the clearance revenues, which exceeded 15 billion shekels. He also highlighted the threats impacting the relationships between Palestinian banks and correspondent banks. He explained that the capital adequacy ratio of the Palestinian banking sector exceeds 17%, calling for permanent arrangements to protect banking relations with Israel and to facilitate the transfer of shekel cash from Palestinian banks to Israel, amid the deteriorating economic situation and the increased risks resulting from the restrictions on financial transfers.
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