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Gaza's Banking Crisis: How the War is Thwarting Access to Cash for Thousands

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The ongoing conflict in Gaza has devastated the local banking system, leaving residents struggling to access their savings amid a severe liquidity crisis. Discover how the war is impacting the financial lives of Gazans and the broader implications for the region.

The ongoing war in Gaza has severely disrupted the banking system, leaving residents struggling to access their savings and cope with extreme economic hardship. With banks closed and ATMs out of service, many Gazans are forced to rely on cash brokers, facing exorbitant fees to access their own money. This liquidity crisis is exacerbated by the systematic destruction of financial institutions, highlighting the fragility of the Palestinian monetary system under occupation.

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