Palestinian Authority Considers Ditching Israeli Shekel Amid Currency Surplus Crisis

Ramallah / PNN /

The Palestinian Monetary Authority (PMA) announced it is studying the possibility of adopting a currency other than the Israeli shekel as the primary medium of exchange in the occupied Palestinian territories. However, it did not specify an alternative currency or a timeline for implementation.

The move is part of efforts to address the growing problem of shekel accumulation in Palestinian banks, especially as Israel continues to refuse to accept the…