RAMALLAH, West Bank — The Palestinian Authority (PA) again is considering a foreign currency, such as the US dollar or the Jordanian dinar, as a temporary currency for Palestinian territories, instead of the Israeli shekel now used as a main legal tender.
On Nov. 4, a PLO subcommittee formed to consider limiting security, political and economic relations with Israel proposed taking such action, and the PLO Executive Committee (EC) has adopted the recommendation.