Governor of the Monetary Authority Calls on the International Community to Act to Stop Israel's Practices Against the Banking Sector and the Palestinian Economy

SadaNews - His Excellency the Governor of the Monetary Authority, Mr. Yahya Shanar, conveyed a message via France, calling for urgent action and pressure on Israel to stop the measures targeting the banking sector and the Palestinian economy.

This came during his meeting with the Minister of Francophonie and International Partnerships and Affairs of French Citizens Abroad, Mrs. Elionora Caroui, in the presence of Her Excellency the Ambassador of the State of Palestine to France, Mrs. Hala Abu Hasira, as part of the international efforts led by the Monetary Authority to rally international support and mitigate the impact of Israeli measures on the Palestinian economy.

The governor highlighted the main challenges facing the banking sector, foremost of which is the crisis of the accumulated surplus of shekels due to the continuous refusal of the Israeli side to accept them from Palestinian banks, in addition to threats related to the possibility of severing banking correspondence relations between Palestinian and Israeli banks, and the withholding of clearance funds, leading to direct repercussions on the continuity of economic institutions' operations.

Shanar stressed that the continuation of these measures exacerbates the pressures and risks on the Palestinian economy across various sectors and increases the burdens on the private sector, which is the main driver of economic activity and employment. This is reflected in rising unemployment rates and limits the economy's ability to grow, deepening pressures on living standards.

For her part, the French minister confirmed that she would convey the Palestinian messages and requests directly to French President Emmanuel Macron during the French cabinet meeting, noting France's interest in following up on developments related to the Palestinian financial sector, emphasizing the importance of maintaining its stability.