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Answer this question about 50 words: What is the impact of having a Palestinian currency on...

Answer this question about 50 words:

What is the impact of having a Palestinian currency on Israeli economy?

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Álaà Ábu Ziâd

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Answer #1

To best of my knowledge Palestine doesn't have its own currency, the primary currency which us used to for daily transactions on Gaza strip and for the retail transaction in west bank is Israeli shekel. So the question that what is the impact of Palestinian currency on Israeli economy sounds trick question. Because the primary currency which is in circulation in Palestine is itself a Israeli shekel.

The answer to this question is that there will be no impact of having a Palestinian currency on Israeli economy since there is no official Palestinian currency.

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