Bank Hapoalim has cut off all connections with the palestinians.
Hapoalim Bank has cut off in the last 24 hours all its connections with the Palestinian financial and banking system, in wake of the swearing-in of a Hamas-led government that has transformed the PA into a terror entity. The bank will cease to honor PA banks’ checks and suspended the transfer of funds to the Palestinian banking system, Israel’s leading newspaper Yedioth Ahronoth reported Tuesday.
Bank Hapoalim has up until now been the main, and recently almost the only, banking institution through which Israel and the PA conducted routine financial transactions. The bank’s latest move in effect brings to an end any remaining banking ties between Israel and the PA.
Responding to Hapoalim’s decision, a senior political source in Jerusalem said that the financial situation in the PA would “completely deteriorate to total chaos,” but added that the bank “had no other choice.”
Looks like Hamas is going to have to do its own finances. Bad luck with that, kids!
Perhaps Mrs. Arafat can balance their checkbook.
chsw