BUSINESSTIMES OF ISRAEL
Israel acts to ease Palestinian banking crisis it helped create, but is it moving too late?
Israel's Smotrich signed a waiver allowing transactions with Palestinian banks until 2026, but Israeli financial institutions remain cautious about providing services critical to the West Bank economy. The move aims to address a Palestinian banking crisis linked to Israeli policies.
Mentioned
Related Signal
Adjacent reporting
- Israeli Bank to Sever West Bank Ties, Raising Alarm Over Economy
- In first since 2022, Bank of Israel buys foreign currency to stem sharp shekel gain
- Israel’s Central Bank Intervened in FX Trade to Curb Shekel
- Bank of Israel cuts borrowing costs, while flagging geopolitical risks
- The Palestinian economy is struggling. In the West Bank, the problem is too much cash