Palestinian Authority warns economy could collapse over Israeli banking cut-off

The Palestinian Authority has issued a warning about the potential collapse of the Palestinian economy if Israeli banks sever their correspondent banking ties with Palestinian financial institutions. Yahya Shunnar, the Governor of the Palestinian Monetary Authority, highlighted the severe consequences of such actions during an international meeting in Ramallah.

He emphasized that ongoing Israeli measures are jeopardizing food security and essential services in Palestine. Shunnar called for immediate international intervention to address the situation before it deteriorates further.