Israel allows cash into Gaza | News | Al Jazeera

Israel allows cash into Gaza

Palestinians queue at banks as first cash delivery since October is approved.

    Thursday's transfer of cash into Gaza was the first since October [AFP] 

    He said people had been queueing up outside banks ahead of the arrival of the lorries containing the money from across the border.

    'Severe cash crisis'

    Kamal Hassuneh, the Palestinian economy minister, said the approved transfer was
    insufficient to pay the salaries of government employees.

    "We need $70-to-$75 million for salaries. And we need to transfer this amount every month, not just one time," he said.

    Ehud Barak, Israel's defence minister, approved the transfer following a "personal request" by Salam Fayyad and Stanley Fischer, the head of Israel's central bank, "in view of the severe cash crisis in Gaza," his office said.

    The Palestinian Authority was ousted from Gaza after Hamas seized power in June 2007, but continues to pay the salaries of around 70,000 civil servants in the territory.

    SOURCE: Al Jazeera and agencies


    YOU MIGHT ALSO LIKE

    Interactive: Coding like a girl

    Interactive: Coding like a girl

    What obstacles do young women in technology have to overcome to achieve their dreams? Play this retro game to find out.

    America's Guns: Secret Pipeline to Syria

    America's Guns: Secret Pipeline to Syria

    How has the international arms trade exacerbated conflict in the Middle East? People and Power investigates.

    I remember the day … I designed the Nigerian flag

    I remember the day … I designed the Nigerian flag

    In 1959, a year before Nigeria's independence, a 23-year-old student helped colour the country's identity.