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Cash Glut Stalls Palestinian Economy | Dover News
Palestinian banks are buried under a cash avalanche—Israeli shekels piling up faster than they can be drained, stranding businesses and choking the economy. With Israel imposing a cash-return cap that’s way too low for the booming West Bank economy, banks are running out of vault space, paying to store cash, and struggling to pay for essentials like fuel and electricity. Workers get paid in cash, goods cross borders, and the system’s broken: no electronic credit, just physical money stuck in a system designed to keep Palestine’s economy in a chokehold. Officials call it economic warfare, and…
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