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Axios

U.S. fears Israeli minister may crash Palestinian banks, cause economic collapse

Axios
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73% Informative

Israel 's finance minister Bezalel Smotrich has the power to authorize Israeli banks to conduct transactions with Palestinian banks without the risk of being charged with money laundering and funding terrorism.

Without that approval, Palestinian banks would be cut off from the Israeli financial system and would collapse.

A collapse of the Palestinian banking system could bring down the Palestinian Authority , creating a power vacuum that could throw the West Bank into chaos.