West Bank Cash Crisis Deepens | Global News

Palestinian banks are buckling under a cash tsunami fueled by Israeli shekels, forcing people to hoard money they can’t spend and businesses to shut down over payment crises. A standoff between Israel’s central bank and Palestinian authorities has capped cash withdrawals, sparking accusations of economic warfare. With more shekels flowing in than out—thanks to Israeli employers paying workers in cash and shoppers bringing back currency—the West Bank’s banking system is paralyzed. Banks pay to store unusable cash, choking lending and imports, while panic over raids drives even more deposits, worsening the crisis. It’s a vicious cycle where securing money makes the problem worse. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e7be17edf3938a57