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EXPLAINER

Smotrich aims to undermine the economy of the West Bank

The Israeli minister threatens not to renew an agreement that allows Palestinian banks to be integrated into the Israeli banking system. This poses a danger to an already failing economy.

Smotrich aims to undermine the economy of the West Bank

Palestinians queuing to withdraw cash from an ATM in the main market of the West Bank city of Ramallah, June 9, 2024. (Credit: Jaafar Ashtiyeh/AFP)

"The actions of certain members of your government to deny the West Bank access to financial resources jeopardize Israel's security and threaten to further destabilize the entire region at an already critical time." In a letter sent last week to...
"The actions of certain members of your government to deny the West Bank access to financial resources jeopardize Israel's security and threaten to further destabilize the entire region at an already critical time." In a letter sent last week to...