The Palestinian Monetary Authority is studying the possible issuance of a digital currency, a move that would allow it to strike at least a symbolic blow for monetary independence from Israel.
Under their 1990s accords with Israel, the Palestinians agreed not to immediately create their own currency, and their economy primarily uses the Israeli shekel, along with the Jordanian dinar and U.S. dollar.
Palestinian banks are currently awash in shekels because of an Israeli law prohibiting large cash transactions, meant to crack down on money laundering. Israel also limits how many shekels Palestinian banks can transfer back into Israel monthly. ...
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