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.
Gaza's Banking Crisis: How the War is Thwarting Access to Cash for Thousands
2024-08-16T19:06:24.285Z