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Today's Paper | May 12, 2026

Published 16 Jun, 2024 11:07am

Israel’s ‘economic war’ chokes occupied West Bank

Palestinian teenagers bounced on trampolines and jumped through hoops inside a towering tent on the outskirts of Ramallah, the financial hub of the occupied West Bank, *AFP * reports.

But the circus students weren’t the only ones bending over backwards in the pavilion: the school’s director faced financial hurdles to buy the tent from Europe and trampolines from Asia.

“We are suffering with international payments,” said Mohamad Rabah, head of the Palestinian Circus School, describing a bureaucratic process that could delay equipment delivery by up to a month.

Banking in the Palestinian territories is challenging, with the Palestinian Authority (PA) under scrutiny for potential terror financing, hindering transactions.

Since Hamas’ October 7 attack triggered the Gaza conflict, Israel has imposed economic curbs on the PA, withholding tax revenues it collects on its behalf.

Israel’s Bank Hapoalim and Israel Discount Bank need protection, expiring on July 1, to avoid sanctions for dealing with Palestinian lenders. Israel’s central bank and finance ministry declined to comment when contacted by AFP.

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