Palestine

But in Gaza today, cash has all but disappeared. Aside from the brief ceasefire interlude that started in January and Israel ended on 19 March, when some cash aid was delivered by international organizations, no cash had entered Gaza for 15 months prior and none since.

In the first three months alone after October 2023, according to the World Bank, Israel destroyed or damaged 93 percent of all bank branches.

With no banks and only the cash that was already there – so overused by now that it is starting to disintegrate – Palestinians in Gaza have had to improvise.

Digital transactions have eased some of the pressure, while bartering has become common.

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