Finance Minister Bezalel Smotrich signed a waiver permitting continued transactions between Israeli and Palestinian banks until the end of 2026, according to a report by the Times of Israel. The move aims to ease a banking crisis in the West Bank, but Israeli financial institutions remain wary of providing services.
Finance Minister Bezalel Smotrich has signed a waiver allowing Israeli banks to continue processing transactions with Palestinian banks until the end of 2026, according to the Times of Israel. The waiver is intended to ease a banking crisis in the West Bank, which the report notes was partly created by Israeli policies. Despite the waiver, Israeli financial institutions remain wary of providing services due to concerns over legal exposure and regulatory risks. The extension provides temporary relief but does not resolve the underlying issues facing the Palestinian banking sector.
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