cash shortage
Gaza's Cash Crisis: Palestinians Face Empty Banks Despite Ceasefire and Reopened Financial Institutions
Oct 31, 2025 04:00 pm CST
Despite the recent ceasefire in Gaza and the reopening of banks, Palestinians are struggling with a severe cash shortage as Israel continues blocking banknote transfers. Residents face exorbitant fees from merchants offering to cash electronic salaries, with rates reaching 40%. The financial crisis compounds existing hardships for a population already devastated by two years of conflict, loss of homes, and depleted savings.
Gaza's Banking Crisis: Palestinians Face Empty Bank Vaults Despite Reopenings During Ceasefire
Oct 20, 2025 12:54 am CST
Following a brief ceasefire between Israel and Hamas, banks in Gaza reopened only to reveal a devastating reality: no cash remains available for desperate Palestinians. Despite long queues at Bank of Palestine branches, residents found themselves unable to access funds needed for basic necessities, highlighting the severe financial crisis gripping the region after months of conflict and economic isolation.