World Daily News
World
Gaza / Israel / Palestine

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

Images from the reference sources
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.

Clam Reports
Refs: | Aljazeera |

Trends

World

Displaced Palestinians Face Dire Conditions Amid Ongoing Conflict in Gaza

2024-12-21T13:38:11.785Z

Thousands of displaced Palestinians in Gaza City are enduring severe winter conditions, lacking basic necessities and facing ongoing military operations.

World

Albania Bans TikTok for One Year Amid Youth Violence Concerns

2024-12-22T04:09:30.412Z

Albania has announced a one-year ban on TikTok following a tragic incident of youth violence linked to social media, with Prime Minister Edi Rama emphasizing the need for safer environments for children.

World

Israeli Military Escalation and Settler Violence in the West Bank

2024-12-22T03:38:24.509Z

The Israeli military has intensified operations in the West Bank, leading to clashes and arrests, while settlers have escalated their attacks on Palestinian villages, contributing to a worsening humanitarian crisis.

World

Assad's Escape Triggers Mass Exodus of Officials Amidst Syrian Opposition Victory

2024-12-22T02:58:19.759Z

Following the Syrian opposition's control of Damascus, President Bashar al-Assad's escape to Russia has led to a mass exodus of officials and heightened tensions within the regime.

World

Israeli Air Strikes Kill 18 Palestinians, Target Hospital in Gaza

2024-12-22T04:10:40.985Z

Israeli air strikes in Gaza have resulted in the deaths of 18 Palestinians, including attacks on a school and Kamal Adwan Hospital, raising concerns over the humanitarian crisis.

World

Tragic Attack at Magdeburg Christmas Market: Suspected Perpetrator Identified

2024-12-22T04:09:04.140Z

A tragic attack at the Magdeburg Christmas market resulted in five deaths and over 200 injuries. The suspected attacker, Taleb Al Abdulmohsen, known for his anti-Islam views, has raised concerns about radicalization and security in Germany.

Latest