Since the onset of the conflict in October 2023, Gaza has experienced a profound banking crisis due to the destruction of facilities and ongoing power outages. The Palestinian Monetary Authority reported that many banks and ATMs are now inoperable, leading to severe difficulties for residents trying to access their funds. Families, like the narrator's, have seen their savings depleted rapidly as they turn to expensive brokers to withdraw cash, paying substantial commissions. The cumulative impact of these challenges has left many struggling for basic necessities in an already devastating situation.
Many in Gaza have faced significant difficulties accessing the funds in their accounts, whether those funds are monthly salaries or financial support from relatives.
Once the war began, the financial system in Gaza became immobilized, causing widespread hardships as banks and ATMs were destroyed.
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