VOL. XLVII
No 10
08-March-2004
ISRAEL
REGIONAL BANKING
Israel Confiscates $8Mn In Raids On Palestinian Banks
Israeli forces on 25 February raided three banks in Ramallah and confiscated a total of NIS37mn ($8.2mn) from about 400 accounts. The banks raided were Arab Bank and Cairo-Amman Bank both Jordanian banks and Palestine International Bank. According to Amin Haddad, head of the Palestinian Monetary Authority (PMA), the forces singled out institutional, charity and individual accounts,...
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