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Palestinian official calls for bold vision on shekel crisis, banking ties
Image credit: Maan Wire (EN)
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Bashar al-Masri has called for a courageous national approach to address the accumulation of Israeli shekels in Palestinian bank accounts and ongoing relationships with Israeli financial institutions, the Ma'an news agency reported. Al-Masri said the crisis demands confronting new economic realities, even if solutions require an immediate and complete transition to digital transactions or the potential abandonment of shekel use in Palestinian commerce.
The remarks underscore tensions within Palestinian economic policy circles over dependencies rooted in Israeli currency and the Palestinian banking system's reliance on Israeli counterparts. The shekel accumulation problem has grown as a constraint on Palestinian monetary autonomy and fiscal management.
