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Israel's war sparks cash crisis in Gaza with torn banknotes and severe currency shortages


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Published in Politics and Government on Tuesday, December 3rd 2024 at 0:00 GMT by Brian Stokes   Print publication without navigation

  • Palestinians in Gaza face severe poverty, repairing torn banknotes as merchants reject damaged currency amidst a humanitarian crisis.

The ongoing conflict in Gaza has led to a severe cash crisis, exacerbating the economic hardship for its residents. The war has caused a significant shortage of currency, with many banknotes being torn or damaged due to the intense military activities. This situation has been compounded by the destruction of infrastructure, including banks and ATMs, making it nearly impossible for people to access their money. The lack of cash has led to a barter system in some areas, and the few operational ATMs are often out of service or surrounded by long queues. The crisis has not only affected daily transactions but has also deepened the humanitarian crisis, as people struggle to buy essentials like food and medicine amidst the chaos.

Read the Full MSN Article at:
[ https://www.msn.com/en-in/politics/government/israel-s-war-sparks-cash-crisis-in-gaza-with-torn-banknotes-and-severe-currency-shortages/vi-AA1v8grA ]

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