Financial Times
Through the rubble of north Gaza, under cover of a brief Israel-Hamas truce, a convoy of vehicles last Tuesday mounted one of the most unusual missions of the war: the retrieval of about 180mn shekels in cash. The stash of notes, weighing close to a tonne and worth the equivalent of $50mn, was kept in two Bank of Palestine branches based in some of the most devastated parts of the besieged enclave, where today barely a building stands unscathed and no cash machines function. Worried about a growing cash shortage in Gaza’s south, where the majority of the enclave’s 2.3mn population has fled, and where most of the beneficiaries of humanitarian aid are now based, Bank of Palestine officials saw the truce as a chance to retrieve the 200-shekel notes stranded in the north — and help stave off the collapse of the economy.