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Palestine Shifts to E-Payments Amid Israeli Cash Caps

6/30/2026

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Summary

Story summary

Deputy Governor Mohammad Manasra said Palestine will shift to electronic payments to ease its banking crisis.
Israeli limits let Palestinian banks return shekel cash only via Bank Hapoalim and Israel Discount Bank, capped at NIS 18 billion annually, which economists say covers about half the cash needed and leaves surplus shekels that cannot be transferred abroad.
A two-year law to curb cash transactions will create an electronic-payments system.

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Story summary

Deputy Governor Mohammad Manasra said Palestine will shift to electronic payments to ease its banking crisis.
Israeli limits let Palestinian banks return shekel cash only via Bank Hapoalim and Israel Discount Bank, capped at NIS 18 billion annually, which economists say covers about half the cash needed and leaves surplus shekels that cannot be transferred abroad.
A two-year law to curb cash transactions will create an electronic-payments system.