Managing Money in Gaza: Bank, Cash, or Credit?

Palestinians in Gaza City are facing a severe cash flow problem, forcing them to rely on electronic payments due to a shortage of Israeli shekel banknotes. Many are struggling to conduct daily transactions and access medical care, with worn-out currency being rejected by vendors. The destruction of bank branches and cash machines has exacerbated the issue, leading to a transition to a fragmented survival economy. The use of digital payment systems like PalPay and Jawwal Pay has become necessary, but challenges remain for those without access to smartphones or reliable internet connections. The crisis has evolved into a structural issue, with the black market playing a dominant role in managing cash circulation.

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