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To get their own cash, people in Gaza must pay middlemen a 40% cut

GAZA STRIP, JUL 11 – Commissions on cash transactions have reached about 40%, worsening hardships for families amid soaring inflation and 80% unemployment, the World Bank reports.

  • Almost all banking facilities and ATMs in Gaza have ceased functioning, forcing residents to depend on an unregulated network of cash brokers to access funds for their everyday needs.
  • Israel stopped allowing cash into Gaza at the start of the war to curtail Hamas' funding, which, combined with tightened humanitarian aid, disrupted market regulation.
  • Inflation surged by 230% in 2024, unemployment reached about 80%, and families are selling possessions to buy essentials like flour, sugar, and fuel at soaring prices.
  • Cash brokers charge commissions around 40%, making people pay nearly double to access money, with someone stating, "This is the only way I can feed my family."
  • The scarcity of cash has intensified Gaza’s financial crisis, leaving civilians dependent on costly middlemen and unable to meet basic needs like food, medicine, and transportation.
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To get their own cash, people in Gaza must pay middlemen a 40% cut

Cash is the lifeblood of the Gaza Strip’s shattered economy, and like all other necessities in this war-torn territory — food, fuel, medicine — it is in extremely short supply.

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The Independent broke the news in London, United Kingdom on Friday, July 11, 2025.
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