Cryptocurrencies
Palestinian Monetary Authority Eyes Digital Currency Launch
- Economic conditions in Palestinian areas may stifle idea
- PMA plans to use European funds to boost private sector
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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.