Palestinian bank chief: Economy in crisis due to halt in tax revenue transfer
Israel's decision to withhold $130 million a month in revenue collected on behalf of the Palestinians is strangling the economy and leaving the banking system dangerously exposed, the Palestinian central bank governor said on Wednesday.
Israel stopped the transfer of revenues from tax and customs duties in January in protest at the Palestinians' move to join the International Criminal Court from April 1, when war crimes charges may be filed against Israel.
