With Gaza in financial crisis, fears that “an explosion is coming”

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A woman begged for money as residents of Gaza lined up to withdraw what money they could from A.T.M.s at the Bank of Palestine in Gaza City. (photo: Wissam Nassar | The New York Times)

Across Gaza, the densely populated enclave of two million Palestinians sandwiched between Israel and Egypt, daily life, long a struggle, is unraveling before people’s eyes.

By David Halbfinger | The New York Times | Feb 11, 2018


United Nations officials warn that Gaza is nearing total collapse, with medical supplies dwindling, clinics closing and 12-hour power outages threatening hospitals. The water is almost entirely undrinkable, and raw sewage is befouling beaches and fishing grounds. Israeli officials and aid workers are bracing for a cholera outbreak any day.


The payday line at a downtown A.T.M. here in Gaza City was dozens deep with government clerks and pensioners, waiting to get what cash they could.

Muhammad Abu Shaaban, 45, forced into retirement two months ago, stood six hours to withdraw a $285 monthly check — a steep reduction from his $1,320 salary as a member of the Palestinian Authority’s presidential guard.

“Life has become completely different,” Mr. Abu Shaaban said, his eyes welling up. He has stopped paying a son’s college tuition. He buys his wife vegetables to cook for their six children, not meat.

And the pay he had just collected was almost entirely spoken for to pay off last month’s grocery bills. “At most, I’ll have no money left in five days,” he said.

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