Story perspectives
Gaza Cease-Fire: Cash Crisis Deepens Amid Hyperinflation
10/31/2025
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Story summary
- A Gaza cease-fire took effect on October 16, 2025, offering temporary relief after prolonged conflict.
- Israel blocked banknote transfers since October 2023 Hamas attacks, leaving banks operating with limited services and residents facing a cash shortage.
- Exploitative middlemen charge up to 40% in fees to access cash, forcing some residents to barter or use damaged banknotes amid hyperinflation.
- Wael Abu Fares reports no liquidity.
