The Palestine Monetary Authority published a public statement asserting that Palestinian banks remain financially sound and that depositors’ funds are secure, as it monitors recent Israeli threats to sever correspondent banking relations with Palestinian banks. It warned that any disruption to correspondent banking links would seriously threaten Palestinian access to basic goods and services. Ongoing coordination with the political leadership and the international community is focused on safeguarding correspondent banking relationships to maintain commercial transactions and the ability to pay for essential imports and services, including food, electricity, water and fuel. The PMA also noted that the Palestinian banking system remains connected to the global financial network through a broad range of correspondent banks and continues to provide domestic and international services to individuals and businesses.

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