Palestine Monetary Authority resumes banking services in Gaza

PMA also announces loan deferral programme, though analyst says few will be able to repay

Gaza map

The Palestine Monetary Authority (PMA) has said banking services will resume in Gaza from today (January 28).

PMA governor Yahya Shunnar said the resumption would take place in phases, the first of which would involve reopening operations in “three to four branches” in the areas of Deir al-Balah and Nuseirat.

Shunnar said the PMA was working with commercial lenders to increase the number of bank branches across Gaza.

The governor encouraged the public to use the PMA’s electronic payment services

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