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How Palestinian workers in Israel stand to benefit from new payment regulations

Come January, many Palestinians working in Israel will see big changes in how and how often they are paid.
A civil servant paid by the Palestinian Authority displays New Israeli Shekels (NIS) bills after he took his salary from a bank in Gaza City on June 11, 2014. Gaza's banks reopened today after being closed for six days by Hamas forces in a row over pay which was the first hitch in a reconciliation deal between Hamas and the Palestine Liberation Organisation that began with the formation of a new unity government. The PA has so far refused to pay Hamas's 50,000 civil servants, who are not registered as its e
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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.

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