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Israel's restrictions and war damage have led to a cash shortage in the Gaza Strip, forcing daily transactions to rely on unreliable online payments.
The Gaza Strip is experiencing a severe "cash shortage," with daily commerce and the banking system paralyzed due to Israeli restrictions and war damage. The Palestinian Monetary Authority stated that Israeli attacks have destroyed over 50 bank branches and dozens of ATMs in the Gaza Strip, trapping large amounts of cash. This has made it difficult for local residents to access cash, hindered the opening of new bank accounts, and rendered digital payments unreliable due to damaged communication infrastructure, severely impacting daily transactions and bargaining power.
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