Israel should cancel the banknotes it knows were transferred to the Gaza Strip to disrupt Hamas's cash dominance and target the wealth it has accumulated, Eyal Ofer, an expert on Hamas’s economy in Gaza, told Maariv on Tuesday.

This aligns with Foreign Minister Gideon Sa'ar's view, after he asked the Governor of the Bank of Israel last week to cancel all 200 shekel bills in order to cripple Hamas's finances.

“Gaza operates as a cash economy,” Ofer explained. “Most commerce in the Strip’s markets, including hundreds of stalls trading humanitarian aid, is conducted in cash, mostly using low-denomination bills of 20 and 50 shekels. These bills pass from hand to hand and wear out so quickly that they often end up torn.”

"Gazan merchants today refuse to accept a significant portion of these bills that have deteriorated to the point of disintegration," he added.... Read More: JPost