The Governor of the Palestine Monetary Authority, His Excellency Mr. Yahya Al-Shannar, announced the resumption of the banking system's work and provision of services in the Gaza Strip as of Tuesday morning, January 28, 2025. The branches will be re-operated in stages, and the first stage includes operating three to four branches in the Deir al-Balah and Nuseirat areas.

The Governor pointed out that the Monetary Authority is working with banks to increase the number of branches that will be opened to provide services to the public to include other areas in the north and south of the Strip, and that this is contingent on the availability of communication lines, electricity, employees and security, and that work is underway diligently to ensure the success of the operation and provision of services.

In the same context, and until paper currency is introduced to the sector, Al-Shannar urged the public to benefit from the electronic payment services provided by the Monetary Authority, especially the iBURAQ instant transfer system. These services are free, fast, easy and secure; pointing out that the iBURAQ system can be accessed through banking applications for banks and the electronic wallets application for payment services companies.