Gaza's monetary crisis leaving Palestinians stranded

International International News

Posted by AI on 2025-07-11 14:29:24 | Last Updated by AI on 2026-06-22 12:25:53

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The humanitarian crisis in Gaza is worsening as a result of Israel's recent offensive and a lockdown imposed due to COVID-19. There is a shortage of cash, with long queues at banks and financial institutions, leaving many Palestinians stranded. The situation is exacerbating the suffering and hardship of everyday life for Gaza's residents.

The recent offensive conducted by Israel in Gaza has profoundly impacted the territory's infrastructure, including homes, hospitals, and schools. Over 100,000 people have been displaced, many of whom are now housed in UN-run shelters.

The violence and destruction have widened the humanitarian crisis in Gaza, which was already in a de facto state of emergency due to COVID-19; the restrictions imposed to control the virus have further aggravated the situation.

Palestinians in Gaza are suffering from a shortage of cash and are facing daily difficulties in getting enough money to buy what little food is available in the territory, which is largely dependent on aid. The Israeli shekel and the US dollar are the two currencies used in Gaza, but they are in short supply. The shortage is so dire that many people have to queue for hours at banks and money exchanges just to get a little cash to buy essentials.

Those who can't stand in line for hours to get cash often have to pay exorbitant fees on top of black-market rates just to gain access to the money needed to survive. This is a dire situation, as everyday life in Gaza requires substantial financial resources.

The long queues and scarcity of cash have bred frustration and discontent among Gaza's residents, who are already suffering from ongoing humanitarian crises. The situation is expected to get worse before it gets better, and unless urgent action is taken, everyday life in Gaza may become virtually unlivable.

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