Gaza Cash Crisis Deepens as Israeli Strikes Disassemble Hamas Finances
A severe cash crisis hits the Gaza Strip as Israeli strikes eliminate key Hamas financial officials, leaving the terror group struggling to pay its operatives.
A severe cash crisis has hit the Gaza Strip as the terror organization Hamas struggles to pay its operatives, according to a report published Sunday by the Saudi newspaper Asharq Al-Awsat.
Traders in Gaza increasingly rely on electronic transfers because available physical cash is funneled toward Hamas payrolls. However, the terror group is facing a severe shortage of funds following targeted Israeli strikes that eliminated key financial officials responsible for money transfers and salaries.
Since the October 7 massacre, Israel has blocked cash shipments into the Gaza Strip to force reliance on digital applications. This strategy aims to besiege Hamas financially and monitor monetary flows across the coastal enclave.
To counter the crisis, Hamas is pressuring local merchants to accept physical banknotes, making it easier for operatives to collect funds. A Hamas police official warned that strict measures will be taken against merchants refusing to accept cash.
