Palestine Monetary Authority considers phasing out Israeli shekel amid accumulation crisis

Bethlehem/PNN/

The Palestine Monetary Authority (PMA) announced on Sunday that it has taken concrete steps to address the growing crisis of excess Israeli shekel accumulation in local banks.

In light of Israel’s continued refusal to allow the transfer of surplus shekels from Palestinian banks to Israeli ones, the PMA stated it is now seriously studying alternative options, including a shift away from the shekel as the primary currency in circulation.

The Authority…