Gaza Banks Close in Protest of Hamas Cash Seizure

(Reuters-Ha'aretz) Banks in Gaza closed on Thursday in protest against Hamas' seizure of $250,000 in cash in a dispute with the PA. A banking official said Hamas police went to the Palestine Investment Bank on Wednesday and demanded the money from the account of the PA-backed Palestine Investment Fund. "[Hamas police] said unless they were given the money, they would take it by force," the official said. A West Bank official for the Palestinian Monetary Authority said the Hamas police had committed "armed robbery."


2011-03-04 00:00:00

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