"After two years of war, and now famine, in Gaza, how are ordinary people able to find food? With the territory under a tight blockade and facing an ongoing Israeli military campaign, the choice is bleak: Either pay exorbitant prices for goods on the black market or run the gauntlet of deadly aid distribution sites. No new currency can enter Gaza, so the money itself is falling apart."
"With the territory under a tight blockade and facing an ongoing Israeli military campaign, the choice is bleak: Either pay exorbitant prices for goods on the black market or run the gauntlet of deadly aid distribution sites. No new currency can enter Gaza, so the money itself is falling apart. This has led to the emergence of money fixers, who carefully repair tattered old bills with glue, and money dealers, who will supply cash - if you can pay the 50% commission."
After two years of war and the onset of famine in Gaza, ordinary people struggle to obtain food. The territory remains under a tight blockade and faces an ongoing Israeli military campaign. Residents confront a grim choice: pay exorbitant prices for goods on the black market or risk death by queuing at hazardous aid distribution sites. No new currency can enter Gaza, and banknotes are literally falling apart from heavy use. Tattered bills are being repaired with glue by money fixers. Cash suppliers and money dealers have emerged, charging steep commissions—sometimes as high as 50%—to provide usable currency.
Read at Business Insider
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