Gaza ‘Money Brokers’ The currency disappears in the world: ‘We lose about half of our money’

Approximately every bank branch and people who do not work in ATM rely on a unimpeded network of powerful cash brokers to earn money for daily expenses – and the commissions for these operations increased by about 40%.

“People are crying blood for this reason.” “We are strangling us, we are hungry.”

At a time inflationHigh unemployment and dwindling deposits, shortness of cash, financial density in families, some have started to buy their goods.

The existing cash lost some of its. The Palestinians use the Israeli currency, most transactions. Israel is already refreshed by the newly published bank notes, without resetting the territory and accepting the traffickers.

Experts say Gaza punishment has several roots in the cash crisis.

To restrict Hamas’s ability to buy weapons and pay their warriors, Israel has launched cash at the beginning of the war. At the same time, many wealthy families in Gaza took their money back from banks and then fled to the area. Gaza rose to the area of ​​growing fears about the financial system, cited foreign companies selling goods to the area to demand cash.

Gaza’s supply of money is reduced and the description of civilians, the commissions of cash brokers – about 5% at the beginning of the war.

Cash transfers, electronically transferred money to a broker and moments, subsequently are given to one part of this amount. Many brokers are openly advertised and others are more hidden. Some Bakhtakers and retailers have started exchanging money for customers.

“If I need $ 60, I have to transfer $ 100,” he said. “This is the only way we can get the elegance like flour and sugar. We lose about half of our money to be able to spend about half.”

According to the World Bank in 2024, inflation in Gaza in 2024 increased by 230%. During the ceasefire starting in January, it was slightly reduced, only after Israel’s reconciliation in March.

Cash touches every side of life in Gaza

According to the World Bank, about 80% of people in Gaza were unemployed in late 2024, and this figure is already higher. Those who work are mainly paid to bank accounts by direct deposits.

But if you want to buy vegetables, food, water, medicine – if you want to buy a traffic or need a blanket or something – you need to use cash, “said Al-Dahdouh.

Witness Ajjourun’s family saves his deposit two years after the pharmacy and was destroyed by another business war.

“We need to buy only cash to get cash,” said Ajjour selling gold to buy flour and canned beans. The family of eight families flour 3 dollars equivalent in both days; Before the war, this is less than $ 4.

Sugar is very expensive, 80-100 dollars for a kilogram (2.2 pounds) is $ 100, many people said; Prior to the war, this is less than $ 2.

Gasoline, low, cash price pays about $ 25 or about $ 95, about $ 95.

Bills are worn and useless

The bills in Gaza were torn after the 21-month war.

The money is so fragile, as if it would melt in your hand, Mohammad Al-Awini, who lives in a tent camp in Southern Gaza, said.

Small business owners said they were under pressure from customers to apply for harmless cash for cash, because their suppliers demand practical documents from them.

Deir Al-Balah, Thaeir Suhwayl, the recent suppliers’ recent new 200-shekel ($ 60 ($ 60) said.

On the last visit of the market, Ajjour moved about $ 100 to $ 100, and around for about $ 50 in return. However, while trying to get a house supply from a merchant, he turned away because bills were not in good condition.

“So, the value of your $ 50 is zero at the end,” he said.

This problem has risen to a new job in Gaza: money repair. It costs between 3 and 10 shekels ($ 3) to correct old bank records. However, the money that is repaired by bandwidth or other means is sometimes rejected.

People are in the mercy of money brokers

After the war on the first days of the war, those with large cash reserves suddenly have great power.

“People are in his mercy,” he said. “No one can stop them.”

The war is impossible to regulate market prices and rates, Financial and Accounting Specialist in Scotland’s Western University Dalia Alazzeh. “No one can watch what is happening physically,” Alazzeh said.

A year ago, the Central Bank’s equivalent for the Palestinian money organization, Gaza and the West Coast, tried to facilitate the crisis by presenting a digital payment system known as Ibur. According to the World Bank, it attracted a quarter of half a million or a quarter of the population, but as a result of the merchants that insisted in cash.

By tightening the distribution of humanitarian aid in early this year, Israel wanted to increase financial pressure on Hamas, it was regularly sified by militarians and then sold again.

Experts claim some Israeli analysts if the activities of cash brokers benefit each profit.

The war defined who was behind all the economic activities in the area, which is behind the Gaza-based central, Palthink director Omar Shabaan for strategic research.

“It’s a dark place now. You don’t know that you smoked in Gaza,” he said, just a pattern. “It’s like a mafia.”

These same deep cock-traders said they probably sell the cash brokers and sold basic food products. “They benefit from the application of these commissions,” he said.

Families are forced to contact the humanitarian assistance after performing cash.

Al-Farra, in a help distribution center, said that the Palestinians were asked to eat in a help distribution center, because of the partner for more than one for each other’s flour and pasta boxes.

“This is the only way I can feed my family,” he said.

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Kullab informed of Jerusalem.