APR 25, 2024 JLM 83°F 09:59 AM 02:59 AM EST
This is the amount that the Gazans lose from the strengthening of the shekel

The strengthening of the shekel against the dollar is hurting the monetary liquidity of the Gaza Strip. The purchasing power in the Gaza Strip is based to a considerable extent on the Qatari grant, which reaches about $10 million each month.

Therefore, the Gaza Strip loses NIS 1 million a month after the shekel dropped from NIS 3.2 to $ 3.1. It should be noted that every eligible person in the Gaza Strip who receives $100 converts the amount into shekels since most transactions in the Gaza Strip are made using the Israeli currency.

In the Gaza Strip, voices are already being heard calling on Qatar as well as other entities that put money into the Gaza Strip to consider changing the exchange rate and increase the aid they give in dollars or euros.

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