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Second Israeli bank cuts ties with Gaza
Israel's Discount Bank on Wednesday cut ties with banks in Gaza, in line with the Israeli government designation of Gaza as a "hostile territory," the bank said in a statement. Palestinians do not have their own currency, using the Israeli shekel for transactions. The Discount Bank decision followed a similar one by the larger Bank Hapoalim to sever links with banks in Gaza. They were the only two Israeli commercial banks dealing with financial institutions in Gaza. Posted by: Fred 2007-10-11 |
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