Kenneth Rijock

Kenneth Rijock

Wednesday, January 16, 2013

ISRAEL SEEKS TO CONTROL BULK CASH MOVEMENT INTO GAZA


The Ministry of Finance in Israel has ordered that the maximum amount that an individual can carry into the Palestinian Territory of Gaza shall hereafter be only 12,000 NIS (equivalent of USD$ 3200). It was previously  100,000 NIS ( equivalent of USD$ 27,000). This new measure was reportedly  implemented due to the fact that a large number of travelers into Gaza have been moving Israeli  currency (Shekels) into Gaza. 

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