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World Bank sees risk of Gaza bank collapse

Posted on 08 December 2008

From Reuters: The World Bank said on Saturday that Israel’s tightened blockade of the Hamas-run Gaza Strip had created cash shortages that could lead to the collapse of banks in the impoverished Palestinian territory.

Also sounding an alarm, the International Monetary Fund (IMF) said the spiralling Gazan crisis risked driving Palestinians in need of funds into the arms of those “with easier access to cash from other sources” brought in through tunnels under the border with Egypt….. Full Article: Source

 
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