Gaza
Cash becomes burden as Gaza's currency crisis reverses
Image credit: Shehab Wire (EN)
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An economist says Gaza's money market has undergone a striking shift in the function of currency, Shehab Wire reported. After cash was scarce and citizens paid high commissions to obtain it, the dynamic has inverted. Ahmad Abu Qummar, an economics specialist, described the transformation in how Palestinians in Gaza now view hard currency.
The reversal reflects deepening economic dysfunction in the territory. Citizens are now reluctant to hold cash, viewing it as a liability rather than an asset, marking a fundamental change in monetary behavior under conditions of financial strain.
