US Treasury Secretary calls for Israel to ensure uninterrupted ties to Palestinian banks

US Treasury Secretary Janet Yellen has said that Israel must ensure financial ties between Israeli and Palestinian banks are not interrupted.

In a meeting with Israeli Foreign Minister Israel Katz, she said Israel must ensure the continued flow of tax revenue collected on behalf of the Palestinian Authority.

“Secretary Yellen also emphasized the need for Israel to maintain economic stability in the West Bank by regularly transferring clearance revenues to the Palestinian Authority and ensuring that correspondent banking relations…remain uninterrupted,” Yellen said.