Khaberni - In a step described as an indicator of the start of economic recovery in the Gaza Strip, the Palestinian Monetary Authority today, Saturday, announced the reopening of several branches of operating banks in the sector as of next week, according to a schedule and adopted technical procedures.
The Monetary Authority, in an official statement, clarified that this step comes out of a commitment to meet the increasing financial and banking needs of the people of Gaza, after nearly two years of forced disruption of the banking system due to ongoing aggression on the sector.
According to the statement, public service will be restored in branches of: Arab Bank – Rimal branch, Bank of Jerusalem, Bank of Palestine in branches (Rimal – Gaza, Nuseirat, Deir Al-Balah, Gaza Main), while Housing Bank and Cairo Amman Bank will remain temporarily closed until the completion of the necessary technical and procedural arrangements.
The authority confirmed that during the first phase, liquidity will be provided in all major currencies (Israeli shekel, Jordanian dinar, US dollar), in addition to enabling customers to conduct all banking transactions including withdrawals, deposits, transfers, and payment settlements.
The Palestinian Monetary Authority emphasized that it continues its efforts to ensure the stability of the banking system and enhance its resilience, contributing to the gradual restoration of economic activity and meeting the needs of citizens and institutions in Gaza.
