Banks across Gaza have suspended operations, association says

All banks in the Gaza Strip have suspended operations, according to The Association of Banks in Palestine, a group that represents banks in the occupied West Bank and Gaza.

The closure comes as Israel continues to pummel the enclave. 

Like in the occupied West Bank, Gaza’s currency is the Israeli shekel, but Israel has for months been blocking the entry of fresh notes, along with aid and other goods.

Amid a breakdown of law and order, banks in Gaza have been subject to brazen robberies from armed gangs, that the UN estimates have totalled at least $120m.