This is what happens when money dies
Summary
Gaza is experiencing a severe cash shortage, with worn-out banknotes that no one accepts and no new cash coming in. Banks are closed, and high fees are charged for any cash withdrawal through brokers. People are resorting to barter systems, trading goods instead of using money.Key Facts
- Worn-out banknotes in Gaza are no longer accepted, with no new cash available.
- Banks are closed, ATMs do not work, and there is no access to money for people.
- Brokers charge high fees, up to 50%, for cash withdrawals.
- Many people in Gaza have not received payment, including civil servants and NGO workers.
- Due to power and internet outages, bank cards and digital transactions are mostly unusable.
- A barter system has emerged where people trade goods because money is not usable.
- People are forced to give up personal items for essential goods, highlighting economic distress.
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