Gazans Suffer Cash Shortage

Ad Feedback - GAZA STRIP - A cash crisis in the Gaza Strip left Palestinians unable to withdraw money from automatic teller machines Monday, and many were also turned away inside banks.

"I've been trying to withdraw my salary since yesterday morning," said a 23-year-old civil worker named Bassam, who asked that his last name be withheld because his salary is paid by Fatah instead of rival Palestinian faction, Hamas, which controls the Gaza Strip.

"In the past, if there was a [cash] crisis, the bank would let me withdraw a limited amount, but this is the first time I've been told there is no money," he said.

In light of the shortage, Israel will transfer 72 million shekels($20 million) in tax revenues on Tuesday, following a request from the Palestinian Authority (PA) government, to pay its employees salaries.

Source: The Associated Press

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