Palestinian Authority banks to expedite 4.5-billion-shekel transfer to Bank of Israel, sources tell JNS
The Bank of Israel on Thursday declined to comment on a Palestinian Authority announcement that Israeli authorities had agreed to bring forward the transfer of some 4.5 billion shekels ($1.5 billion) in surplus cash accumulated…
Assessment
A significant cash transfer between Palestinian Authority banks and the Bank of Israel has been announced, but the Bank of Israel declined to confirm the arrangement. The Palestine Monetary Authority claims the accelerated transfer of 4.5 billion shekels was secured through leadership intervention and international coordination. The lack of Israeli confirmation leaves the status of the deal uncertain, and the actual movement of funds will be the next signal to watch.