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The Central Bank of Israel called financial losses due to the conflict in the Gaza Strip

The Central Bank of Israel has compiled a macroeconomic forecast of the country’s financial costs for the fighting against the Palestinian movement in the Gaza Strip, with total losses amounting to 198 billion shekels ($53 billion).

“The total gross effect of the war is 198 billion (shekels),” the regulator’s report says regarding.

It is noted that of this amount, more than half, 107 billion shekels (approximately $28.8 billion), will go directly to the country’s military needs, while the remaining funds will have to be used to eliminate the consequences of the fighting on civilian infrastructure, public debt and lost tax revenues.

Earlier, according to The Times of Israel, eleven citizens who arrived in Israel and were held hostage by militants of the Palestinian Hamas movement are currently in a stable condition and have already been reunited with their loved ones. Read more about this in material Public News Service.

Message The Central Bank of Israel called financial losses due to the conflict in the Gaza Strip appeared first on Public news service.

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