IOF seizes $54M from the Palestinian Authority’s funds in Gaza

usd and israeli shekel
(File photo: Jordan News)
TEL AVIV- On Sunday, Israeli newspaper Maariv revealed that the Israeli Occupation Forces (IOF) seized 200 million shekels ($54.4 million) from the Palestinian Authority’s (PA) funds stored in the Bank of Palestine’s (BoP) vaults in Gaza City.اضافة اعلان

To add insult to injury, the IOF acknowledged the seizure of the PA’s funds. The spokesperson for the IOF stated, “Last week, the forces carried out an operation at the BoP in Gaza City to prevent Hamas from taking control of the funds. This activity was executed in accordance with political directives and is subject to those directives,” Arabic Post reported.

On January 7, the Gaza government’s media office reported that the IOF had stolen money and gold jewelry from the Gaza Strip, estimated to be worth around $25 million, since October 7, 2023.

The thefts occurred through various means, including checkpoints such as Salah Al-Din Street. They targeted those who had fled from northern Gaza to the south, stealing their bags containing valuable possessions like money, gold, and jewelry.

The second method, according to the government office, involved “raiding homes from which residents were asked to evacuate.” The IOF took souvenir photos and video clips documenting the thefts, which some of them shared on their social media accounts. This incident occurred in the town of Beit Lahia, in northern Gaza.

On December 30, 2023, the Euro-Mediterranean Human Rights Monitor confirmed that the IOF was allowing its soldiers in Gaza to engage in “unethical practices” against Palestinian civilians during home raids. These practices included stealing possessions and looting.

The Euro-Med Monitor documented a series of cases revealing the involvement of IOF in systematic theft of Palestinian property, including gold, cash, mobile phones, and laptops. The estimated value of the stolen items amounts to tens of millions of dollars. 


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