Fixing Money in Gaza... A Profession Born from Cash Crisis
In Gaza, the deterioration of banknotes due to conflict and liquidity crises has led to a new profession focused on repairing old currency for daily transactions.
In Gaza's markets, cash is no longer a reliable means of purchase, having become a daily burden as many banknotes have lost their usability due to wear from the war, bank closures, and the restriction on introducing new currency into the region. After nearly two and a half years of conflict, the markets are filled with worn-out cash that is often rejected by vendors and citizens alike. Traders now only accept bills after conducting a simple inspection under sunlight to check for holes, while the limited availability of new currency has led to a decrease in the circulation of smaller denominations like 10 and 20 shekels, especially as banks have stopped exchanging old notes following damage to over 93% of their branches, according to a World Bank report.