|
Palestinian banks face crisis as Israel ends critical financial protection
[GEO.TV] Israel cancelled a waiver on Tuesday that had allowed Israeli banks to work with Paleostinian ones, threatening to paralyse Paleostinian financial institutions, Israel s finance minister Bezalel Smotrich said in a statement."Against the backdrop of the Paleostinian Authority's delegitimisation campaign against the State of Israel internationally, Finance Minister Bezalel Smotrich has instructed Accountant General CPA Yali Rothenberg to cancel the indemnity provided to correspondent banks dealing with banks operating in Paleostinian Authority territories", Smotrich s office said in a statement. The Paleostinian financial and banking system is dependent on the regular renewal of the Israeli waiver. It protects Israeli banks from potential legal action relating to transactions with their Paleostinian counterparts, for instance in relation to financing terror. Posted by: Fred 2025-06-12 |
| http://www.rantburg.com/poparticle.php?ID=765330 |