The Palestinian Authority has warned that the Palestinian economy could collapse if Israeli banks cut correspondent banking ties with Palestinian financial institutions. Palestinian Monetary Authority Governor Yahya Shunnar warned on Thursday of the serious consequences of Israeli banks ending correspondent banking relationships. Speaking at a high-level international meeting organised by the Palestinian Monetary Authority at its headquarters in Ramallah, attended by ambassadors, representatives of international financial and banking institutions, and international organisations, Shunnar said continued Israeli measures were undermining the Palestinian economy, threatening food security and risking the collapse of essential services. READ: Israel issues military order to seize 5.2 dunams of Palestinian land in occupied East Jerusalem He called for urgent and coordinated international action before the situation reached “the […]
This article was sourced from Middle East Monitor.
Read Full Article on Middle East Monitor →![This picture taken on August 23, 2022 shows a view of the exterior of the headquarters of the Bank of Israel, the country's central bank, in Kiryat Ben-Gurion in Jerusalem. [Photo by AHMAD GHARABLI/AFP via Getty Images]](https://www.middleeastmonitor.com/wp-content/uploads/2026/03/GettyImages-1242665020-scaled-1.jpg)
