Latest news and articles about Palestinian economy from NEX English
A new law in Palestine sets a cash transaction limit of <strong>30,000 shekels</strong>, igniting widespread debate among supporters who see it as a step towards financial transparency and opponents who fear negative impacts on the parallel economy and prices.
The economic burdens on Palestinians are worsening due to a sharp rise in fuel prices driven by the global energy crisis, affecting all aspects of their daily lives.
The Palestinian Petroleum Authority announced an increase in fuel and gas prices starting in April, driven by significant global price hikes resulting from the ongoing war in Iran. This move reflects the economic challenges facing Palestine amid rising international costs.