Palestinian banks could be cut off from the Israeli banking system starting next week following a decision by Israel鈥檚 finance minister to cease dealings between the two financial institutions, according to a report on Thursday by Israeli newspaper Haaretz.
Israeli Prime Minister Benjamin Netanyahu has two days to convene a cabinet meeting to discuss reversing plans by Finance Minister Bezalel Smotrich to isolate Palestinian banks from both the Israeli and international banking systems.
The Palestinian economy is based on the Israeli currency, the shekel, making it reliant on ties to Israel and its financial dealings with the rest of the world must go through the Bank of Israel and Israeli banks.
We call this Apartheid.
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