Ali al-Hayek, president of the Palestinian Businessmen´s Association, warned saturday of a worsening situation in Gaza as the cash flow crisis and lack of purchasing power of the population intensified and the population´s purchasing power approached zero, especially with the advent of Eid al-Adha and the school season in schools and universities.
"The Gaza Strip is coming to a sensitive stage in the face of unprecedented collapse in the economic sectors and the absence of real interventions to reduce the worsening crises, due to the continuing Israeli blockade and the Palestinian divide," Hayek said in a press statement.
"There is a great fear of the emergence of new social crises and unexpected financial losses for traders and businessmen, in the absence of real interventions from official and international bodies to reduce the severe economic crises that gaza´s economy is going through, which is mainly exhausted by the Israeli blockade." The Palestinian divide."
"The next concern is that some commodities may be scarce due to the inability of capital holders and companies to import due to a lack of cash, not to mention an increase in the number of cheques and refunds due to their inability to meet them on time," he said.
He pointed out that the recent appeals made by private sector institutions are a clear indication of the recent economic situation in the Gaza Strip, calling on international institutions and organizations to put effective pressure on the Israeli side to end the blockade, open all trade crossings and introduce various trade crossings. The Needs of the Gaza Strip for goods and goods, primarily building materials, unconditionally, in order to save the Gaza Strip from its clinical death.
He called on international and official institutions to change the policies of dealing with the private sector and its legitimate demands, especially in terms of the rights of companies and its financial dues, and to compensate him for the losses suffered during the years of war and the Israeli blockade on Gaza.
Gaza: Warning of the intensification of the liquidity crisis
