Israel has blocked the transfer of currency into Gaza; the result is catastrophic.
You try to buy a kilo of flour in Gaza.
You open your wallet; what’s inside? A faded 10-shekel note, barely held together by a strip of tape. No one wants it; it is all rubbish now.
The 10-shekel note, normally worth about $3, was once the most commonly used bill in daily life. Now, it is no longer in circulation. Not officially—only practically. It has been worn out beyond recognition. Sellers will not accept it. Buyers cannot use it.
There is no fresh cash. No replenishment.
