Central Banking

Israel sends fresh batch of banknotes to Gaza

The Bank of Israel has delivered a new supply of banknotes to the Gaza Strip to avert a cash shortage, say local media reports.

Local media reported that the central bank on Tuesday transported IS3m ($840,000) to replace notes with the same face value that were now unusable as a result of wear and tear.

Guarded army trucks were sent into the strip which has faced an Israeli blockade since Hamas, a militant group and political party, took control of the region in June 2007.

The Palestine Monet

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