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Israel's Cash Cap Leaves West Bank Banks Stranded

7/21/2026

Summary

Story summary

The Bank of Israel’s 18 billion-shekel cap left West Bank banks with 30 billion shekels of cash, halting operations.
Deputy governor Mohammad Manasra called the limits economic warfare, noting Moayad Afaneh says banks receive 30 billion shekels annually but can return only 18 billion.
Because banks cannot convert the surplus, the crisis forced businesses to refuse cash, halted Al-Huda Group fuel sales, and sparked a 30-minute gas-station strike last month that drew no response.

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Story summary

The Bank of Israel’s 18 billion-shekel cap left West Bank banks with 30 billion shekels of cash, halting operations.
Deputy governor Mohammad Manasra called the limits economic warfare, noting Moayad Afaneh says banks receive 30 billion shekels annually but can return only 18 billion.
Because banks cannot convert the surplus, the crisis forced businesses to refuse cash, halted Al-Huda Group fuel sales, and sparked a 30-minute gas-station strike last month that drew no response.