Palestinian Banks Freeze Gaza Residents' Accounts
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Insights by Echo AI
The Palestinian Authority's security apparatus has secretly agreed with Palestinian banks to expand the freeze on Gaza residents' bank accounts. This move comes in exchange for banks increasing their lending rates to the Palestinian Ministry of Finance. Over 50,000 accounts and electronic wallets have been affected. Clients report interrogations, investigations, and restrictions on their accounts, including those of released prisoners and martyrs' families.
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