Palestinian Monetary Authority discusses banking support with Egypt
Palestinian Monetary Authority governor Yahya Shunnar briefed Egyptian Ambassador Bassem Abdel Hadi on efforts to address banking challenges, WAFA reported…
Palestinian Monetary Authority governor Yahya Shunnar briefed Egyptian Ambassador Bassem Abdel Hadi on efforts to address banking challenges, WAFA reported on 22 October.
The discussion covered contacts in Cairo, international financial institutions and continuity of public services. Both sides supported coordination, without announcing a defined rescue package or immediate changes to banking procedures.
Cash in vaults and usable banking liquidity
The PMA’s 2021 Financial Stability Report explained that accumulated shekel notes raise holding costs and can constrain deposits and transaction settlement. Large amounts of physical cash in vaults therefore do not necessarily translate into ease of making payments through the banking system. This is historical structural background, not a measurement of the problem in October 2026 or evidence that the meeting with Egypt’s ambassador resolved it. Palestinian Monetary Authority.
Archive or illustrative image: the city of Ramallah; not from the event reported here.
Source: وكالة وفا.
Photo credit: أمين.
Wikimedia Commons — CC BY-SA 4.0. Resized and converted to WebP.
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