Palestinian Monetary Authority May Launch Own Digital Currency

The video discusses the Palestinian Monetary Authority's (PMA) plans for digital currency and the allocation of a $425 million aid package from the European Investment Bank. It covers the distribution of funds in Gaza and the West Bank, ensuring funds reach SMEs and not Hamas, and the decline in international and Arab donor contributions. The PMA is exploring digital currency to reduce cash dependency, especially Israeli cash, and improve payment systems.

What is the primary focus of the $425 million aid package from the European Investment Bank?

• To assist SMEs in the West Bank and Gaza

• To fund infrastructure projects in Israel

• To support large corporations in Palestine

• To provide direct financial aid to individuals

What measures are in place to ensure the aid funds do not reach unintended recipients?

• Strict AML and FT regulations

• Direct cash distribution to citizens

• Investment in foreign markets

• Partnerships with international banks

How has international funding to Palestine changed in recent years?

• It has remained stable

• It has significantly increased

• It has fluctuated unpredictably

• It has continuously declined

What was the Arab contribution to the Palestinian budget in 2020?

• $100 million

• $300 million

• $40 million

• $218 million

What is one of the main reasons for Palestine considering the launch of a digital currency?

• To compete with other digital currencies

• To attract foreign investors

• To limit the use of Israeli cash

• To increase cash flow in the economy