What I mean is that: they either use the Israeli New Shekel or Jordanian Dinar to process and conduct transactions due to them not having an official currency of their own that deems it Palestinian. Why don’t they have their own, since they are using someone else’s currency for daily purchases or transactions.
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because there’s a universal blockade by the genocidal Israeli state on the Palestinian people both in Gaza and the West Bank. that’s what the apartheid wall is for. that’s what the segregated roads are for. a state’s currency can only exist if the state is autonomous, not the other way around. otherwise they’d just be printing origami paper
they’re busy surviving an ethnic cleansing
You need functional infrastructure like a government, a bureaucracy, probably a bank too in order to print money. It’s hard to have those things if they live under the boot of Israel. Every possible Palestinian authority that could form is constantly undermined and threatened by Israel.
These days they don’t even get to have one intact building, and you’re wondering why they don’t have their own fiat currency? Consider the situation there the last 50 or so years and you’ll have your answer.
Spoiler alert: when you’re under constant threat of bombardment and can’t keep basic, life saving infrastructure running due to said bombardment, deciding on a national currency isn’t high on your priority list.
Lots of vague answers in here…
Annex IV of the Paris protocol aka Annex XXIV / V of the Oslo II accord strictly forbids them from doing so.
Palestine’s statehood has been a contested thing for as long as it has existed. It’s never really had a “government”, so it doesn’t have an economy or a currency.
I’m not Palestinian, so of course take this with a grain of salt, but it just seems to make sense to me to use the currencies of the societies that your people are currently intertwined with, right?
Would forming a new Palestinian currency have any positive impact right now when half the world would refuse to accept it on the basis of there not being a Palestinian state to back said currency?
Seems like a good reason to do it. The Western world has said fuck you to Palestine, time for them to say fuck you back.
Yeah, it would be a fuck you, but what would it get Palestine practically?
No internationally recognized state, so unable to back any issued currency. Unbacked currency won’t be exchangeable in any country’s banks. Palestinians stuck with useless paper they can’t spend on anything, while their govt spends resources it doesn’t have to print millions of pieces of paper people have no use for.
Stop Israel from murdering them and reinstate their place on the earth. Then we can worry about a fiat currency.
