GAZA, (PIC)
The Government Media Office (GMO) in the Gaza Strip has warned that cash liquidity shortage following the cessation of cash sources in the Strip portends a major economic and financial catastrophe as the Israeli occupation aggression enters its eighth month in a row, calling on the Palestinian Monetary Authority to reoperate banks.
The GMO said in a statement on Friday that the cash shortage crisis is deepening in the Gaza and northern Gaza governorates, as all cash sources in northern Gaza have been completely blocked since the first day of the aggression.
It explained that with closed banks and no cash flow in the Strip, the employees have become unable to receive their salaries in a normal way. It also paralyzed the purchasing activity in the market and deprived citizens of receiving remittances from family and relatives abroad.
The people with low income are the most affected group due to the cash crisis, especially among those who have not been able to receive their allocations since the beginning of the Israeli aggression, such as social welfare beneficiaries, and families of martyrs, wounded, and prisoners, which requires urgent emergency intervention, the GMO elaborated.
The GMO called on the Palestinian Monetary Authority to reactivate and reoperate banks in various regions of the Gaza Strip as soon as possible, especially in northern Gaza, to facilitate the process of receiving employees’ salaries of government and private sectors, as well as money transfer operations, and the disbursements of checks and wages.
The GMO appealed to the whole world to put pressure on the Israeli occupation authorities to end the financial blockade imposed on the Gaza Strip, and to ensure normal cash flow in the Strip.
The Palestine Monetary Authority had previously announced the destruction of a number of bank branches and headquarters as a result of the ongoing Israeli aggression throughout the Gaza Strip, and that it had been impossible to operate them since then because of the ongoing bombardment and electricity cutoff.
