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Gaza banks face uncertain future as reconciliation deal progresses

The banks and other financial institutions that have long operated in Gaza under the Hamas government are finding themselves left out of the Palestinian reconciliation.
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GAZA CITY, Gaza Strip — Despite the efforts by Fatah and Hamas to seal the Palestinian reconciliation deal and the concessions offered by Hamas, some issues that went undiscussed during the Egyptian-sponsored rounds of dialogue in Cairo remain outstanding.

After the Hamas takeover of the Gaza Strip in 2007, two banks were established to jump-start the economy in the Gaza Strip and disburse the salaries to the employees of the de facto government in Gaza, accounting for around 45,000 civilian and military employees.

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