Palestinian officials said that Israeli banks refuse to receive shekel from Palestinian banks in the occupied West Bank, in a move that may soon deprive Palestinians of access to vital goods and services.
There has been no comment yet from the office of Israeli Finance Minister Bezalel Smotrich, who in June extended an exemption that allowed Israeli banks to cooperate with Palestinian banks in the West Bank.
The authority said, "Banks operating in Palestine will not be able to finance trade operations and pay the prices of goods and services to Israeli companies and suppliers during the next few days. The continued refusal of the Israeli side to transfer the shekel deprives Palestinian banks of replenishing their accounts in Israeli correspondent banks."
It added that this will deprive the Palestinians of vital goods and services because they will be unable to pay for them through official banking channels.
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