The Israeli Finance Minister ordered Smotrich Today, Tuesday, by canceling an exemption that allows cooperation between Israeli and Palestinian banks, in response to the “legitimacy campaign” it is waging Palestinian Authority on Israel Globally, according to the minister’s office.
This exemption allowed Israeli banks to address the shekels’ payments in exchange for services and salaries related to the Palestinian Authority, without being accused of accusing them of money laundering and financing extremism.
Isolation of Palestinian banks
Without this exemption, Palestinian banks will be isolated from the Israeli financial system.
The decision comes at a time when the Palestinian Authority continues to face increasing financial pressure as a result of slowing aid, restricting Israel on the system of transferring tax revenues, and the decline in the contributions of the Palestinians who were deprived of the Israeli labor market due to the war in Gaza.
Smotrich’s decision came hours after the imposition Britain And 4 other penalties for it and another minister from Right -wing On charges of inciting violence in the West Bank, the sanctions included freezing assets and travel ban.