RAMALLAH, West Bank — An Israeli law restricting cash transactions will have a positive impact on the Palestinian economy as well as Palestinians working in Israel, some economists say.
The law, passed in March and set to take effect at the beginning of 2019, will limit the amount of cash in the economy in a bid to fight money laundering and tax evasion. It sets a limit of 11,000 shekels (about $3,000) on business cash transactions; larger transactions are to be made through e-cards or bank transfers.