In Gaza, when money is scarce, every choice counts: Bank, cash, or credit?

Gazans are struggling to manage daily life due to a severe cash shortage caused by the war that began in October 2023. With approximately 90% of bank branches and ATMs destroyed, accessing cash is extremely difficult. Palestinians rely on worn-out currency from before the war or electronic payments via smartphones, despite limited internet access. The Israeli shekel is the currency used, and Gaza depends on Israel to supply banks with new banknotes. This situation forces residents to rely on credit, walk long distances, and sometimes forgo essential needs like medical care due to lack of acceptable currency. The Palestinian Monetary Authority is trying to implement digital payment systems to alleviate the crisis.

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