Israel extends waiver for cooperation between Israeli and Palestinian banks

Finance Minister Bezalel Smotrich has extended a waiver that allows cooperation between Israel’s banking system and Palestinian banks in the West Bank, the minister’s spokesperson says.

The extension is for four months.

The decision on the waiver was reportedly made in a cabinet meeting on Thursday in a quid-pro-quo move that saw Israel legalize several West Bank settlement outposts.

The waiver extends indemnity to Israeli banks that cooperate with Palestinian ones once Israel’s sanctions against the PA were passed.

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