(MENAFN) On Sunday, a spokesperson for the Israeli Minister of Finance announced that the minister has extended a grace period facilitating cooperation between the Israeli banking system and Palestinian banks operating in the occupied West Bank. This decision underscores ongoing efforts to maintain financial stability and promote economic cooperation in the region amidst geopolitical challenges.

The grace period extension aims to ensure continuity in financial transactions and services between Israeli and Palestinian financial institutions. It allows for the smooth functioning of banking operations, including the facilitation of payments, transfers, and other essential financial activities crucial for businesses and individuals in the West Bank.

This move by the Israeli Ministry of Finance reflects a commitment to fostering constructive economic relations and supporting the Palestinian banking sector within the complex political landscape of the region. It also highlights ongoing efforts to mitigate potential disruptions that could affect the financial well-being of individuals and businesses in the West Bank, promoting stability and economic resilience amidst challenging circumstances. 

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