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Central Bank Governor and UK Foreign Secretary Discuss Palestinian Banking Alliance
The article focused on the efforts of Palestinian Monetary Authority Governor Yahya Shanar and British Foreign Secretary Ed Miliband to form an international coalition aimed at safeguarding the Palestinian banking sector. These efforts include developing practical mechanisms to ensure the continuity of correspondent banking relationships between Palestinian and Israeli banks, in order to facilitate essential financing and imports, especially in critical sectors such as food, medicine, and fuel. The meeting also discussed the importance of increasing the liquidity ceiling in Israeli shekels and improving the banking situation in Gaza. Additionally, there was a call for the release of Palestinian clearing revenues held by the Israeli occupation, given their direct impact on the Palestinian financial crisis. The article emphasizes that these measures are necessary to ensure the stability of the Palestinian financial system and to support it in facing current restrictions and obstacles.
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