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شبكة أجيال
Yahya Shanar Urges Banking Talks with Israel
Palestinian Monetary Authority Governor Yahya Shanaar called on the International Monetary Fund to implement a fundamental solution to the banking crisis with Israel, under the supervision of a neutral international body to ensure the flow of payments and the reintroduction of the shekel, while avoiding political influences on banking relations. He explained that these relations involve an annual volume of around 50 billion shekels, including significant payments, and warned of worsening uncertainty if legal coverage periods are shortened from two weeks, especially with the continued detention of clearance funds and its impact on the Palestinian economy. Shanaar emphasized that the economic crisis differs from traditional shocks and has worsened due to war and restrictions. He noted that authorities have taken measures to strengthen the banking sector, including injecting liquidity and supporting small projects, while maintaining a capital adequacy ratio above 17% and ensuring the integrity of anti-money laundering frameworks. In conclusion, he stressed that Palestine is not requesting special treatment, but rather clear and stable banking relations that safeguard the stability of its economic system and support the building of the state.
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