Palestinian Authority (PA)

Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus

Palestinian Authority considers phasing out shekel as Israeli banks refuse to accept surplus

  • Israeli banks’ refusal to accept the transfer of surplus shekels means fewer foreign currencies that are necessary for commerce and business
  • Israel’s finance minister in June ended a waiver that allowed Israeli banks to engage with Palestinian ones without being scrutinized for money laundering and financing extremism
By Arab News ·