Tag: money broker

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Economy Geopolitics Israel-Palestine War

Inside The Extortion Rackets Of Gaza, Where Cash Is In Short Supply

File photo of people queuing to withdraw money from an ATM in Gaza City, with a man counting his money in the foreground.
File photo of people queuing to withdraw money from an ATM in Gaza City. Majdi Fathi/ZUMA

With many of Gaza’s banks and ATMs destroyed, Palestinians are turning to money brokers to obtain cash — and paying commission fees of up to 30% . While the practice is criminalized under the Palestinian law, many say agencies in Gaza are not taking action against the brokers, allowing their businesses to flourish.

Categories
Economy Geopolitics Israel-Palestine War

Blackmail, Extortion, Blown-Up ATMs: The Price Of Trying To Get Cash In Gaza

Palestinian Authority employees wait to receive their salaries from an ATM, outside a Palestine Bank in Khan Younis in the southern Gaza Strip
Palestinian Authority employees wait to receive their salaries from an ATM, outside a Palestine Bank in Khan Younis in the southern Gaza Strip APA/ZUMA

With many of Gaza’s banks and ATMs destroyed, Palestinians are turning to money brokers to obtain cash — and paying commission fees of up to 30% . While the practice is criminalized under the Palestinian law, many say agencies in Gaza are not taking action against the brokers, allowing their businesses to flourish.

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