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BUSINESSJul 20 · 04:07 UTCWDIV CLICKONDETROITSam Metz And Jalal Bwaitel, Associated Press

The Palestinian economy is struggling. In the West Bank, the problem is too much cash

The Palestinian economy in the West Bank is struggling due to an oversupply of Israeli shekels, caused by a cap set by the Bank of Israel on cash withdrawals. Palestinian banks are overwhelmed with physical currency, making it difficult for residents and businesses to manage transactions, while officials accuse Israel of perpetuating an economic crisis through restrictive policies.

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