Palestinian pound

Palestinian Money:

1>Primary Currency: The Israeli Shekel is used for most day-to-day transactions and purchases in both West Bank and Gaza.

2>Economic Structure: Under the 1994 Paris Economic Protocol, the Palestinian economy is heavily tied the Israeli economic

3>Gaza Cash Crisis (2024-2026): Since war began, Gaza has experienced a severe shortage physical cash. This has forced residents rely a "cash broker" system, where people pay high fees (up to 50%) to convert electronic funds into physical cash needed for basic items.

>4Banking: While Palestinian banks exist, they limitations due the lack of independent currency and reliance Israeli banks for cash liquidity.

The Palestinian Authority (PA) operates its own budget, but its financial independence is restricted by these arrangements. [1]

      1. ↑ Tullberg, Julie (2013-05-07). "Essendon drugs crisis: more questions than answers in Switkowski's half-baked report". doi.org. Retrieved 2026-04-19.
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