serendipity
Verified User
Bloody good idea, why wasn't this done before?
The proposal calls on Bank of Israel head, whose signature appears on the notes, to cancel the specific series transferred to Gaza.
Israel should cancel the banknotes it knows were transferred to the Gaza Strip to disrupt Hamas's cash dominance and target the wealth it has accumulated, Eyal Ofer, an expert on Hamas’s economy in Gaza, told Maariv on Tuesday.
“Gaza operates as a cash economy,” Ofer explained. “Most commerce in the Strip’s markets, including hundreds of stalls trading humanitarian aid, is conducted in cash, mostly using low-denomination bills of 20 and 50 shekels. These bills pass from hand to hand and wear out so quickly that they often end up torn.”
"Gazan merchants today refuse to accept a significant portion of these bills that have deteriorated to the point of disintegration," he added. However, the significant sums in the Strip — estimated at about NIS 10 billion — are held in large-denomination bills of 100 and, primarily, 200 shekels.
www.jpost.com
The proposal calls on Bank of Israel head, whose signature appears on the notes, to cancel the specific series transferred to Gaza.
Israel should cancel the banknotes it knows were transferred to the Gaza Strip to disrupt Hamas's cash dominance and target the wealth it has accumulated, Eyal Ofer, an expert on Hamas’s economy in Gaza, told Maariv on Tuesday.
“Gaza operates as a cash economy,” Ofer explained. “Most commerce in the Strip’s markets, including hundreds of stalls trading humanitarian aid, is conducted in cash, mostly using low-denomination bills of 20 and 50 shekels. These bills pass from hand to hand and wear out so quickly that they often end up torn.”
"Gazan merchants today refuse to accept a significant portion of these bills that have deteriorated to the point of disintegration," he added. However, the significant sums in the Strip — estimated at about NIS 10 billion — are held in large-denomination bills of 100 and, primarily, 200 shekels.
To cripple Hamas's cash wealth, Israel should invalidate Gaza banknotes, expert says
The proposal calls on Bank of Israel head, whose signature appears on the notes, to cancel the specific series transferred to Gaza.
www.jpost.com
