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The United States has welcomed Israel’s one-year extension of a lifeline to Palestinian banks, after threats by the far-right finance minister to sever the connection amid the Gaza conflict, AFP reports.
The State and Treasury Departments in a joint statement said they welcomed the decision taken Thursday at a meeting of Israel’s security cabinet.
“Economic stability in the West Bank is essential for Israeli and Palestinian security, and correspondent banking is a key pillar of that economic stability,” the statement said. “The United States appreciates the ongoing engagement with the Government of Israel and the Palestine Monetary Authority on this matter.”
