Economic Colonialism: The Israeli Occupation’s Grip on Palestinian Banking Systems
This study discusses the banking relations between the Palestinian economy and the Israeli occupation, clarifying that this control is not a new phenomenon but rather a systematic colonial strategy since 1967 aimed at keeping the Palestinian economy under Israeli dominance and preventing any possibility of financial independence. Since the occupation of the West Bank and Gaza Strip in 1967, the Israeli governments have implemented organized policies to control the Palestinian banking sector, beginning with the closure of Arab banks operating in Palestinian territories, preventing the establishment of any independent banking system, and imposing the Israeli shekel as the main currency for daily transactions.
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