"I have not touched a paper note for months. I don't even have money to pay for a taxi. Now we walk a lot, for long distances. Palestinians in Gaza use the Israeli currency, the shekel, in their daily transactions, and depend on Israel to supply banks with new banknotes and coins."
"At the pharmacy, they didn't accept the banknotes as they were frayed. The taxi driver didn't accept a banknote, only small change, which I don't have. It is very difficult to get by. What a mess, we don't know what to do!"
"Palestinians in the Gaza Strip are struggling to conduct their daily lives amid a severe cash flow problem imposed by Israel immediately after it embarked on its genocidal war on Gaza in October 2023. A US-brokered ceasefire that went into effect in October has brought little reprieve to Palestinians."
Palestinians in Gaza experience critical cash flow problems stemming from Israel's restrictions on currency supply following the October 2023 war. Residents struggle with worn-out shekel banknotes that merchants refuse to accept, forcing them to walk long distances, seek credit from vendors, and forgo essential services like medical care. The population depends on Israel to supply banks with new currency but faces severe limitations. A US-brokered ceasefire in October provided minimal relief. Palestinians increasingly rely on electronic payment systems through smartphones, though internet coverage remains limited. This cash crisis compounds existing hardships, affecting basic daily activities including grocery shopping, transportation, and healthcare access.
#gaza-cash-crisis #currency-shortage #palestinian-hardship #economic-collapse #daily-life-disruption
Read at www.aljazeera.com
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