Hamas Financial Network Crippled by Israeli Strikes, Faces Cash Shortage

Hamas is experiencing a severe cash crisis in the Gaza Strip, struggling to pay its operatives due to recent Israeli strikes targeting the organization's financial leadership. According to Saudi newspaper Asharq Al-Awsat, the elimination of key financial figures responsible for fund transfers and salaries has significantly disrupted Hamas's ability to disburse payments.

The situation has led to widespread use of electronic transfers for everyday transactions among merchants, as available cash is prioritized for Hamas salaries. However, even the terror group now lacks sufficient funds for these payments.

One Hamas government employee, speaking to Asharq Al-Awsat, expressed frustration over the unreliable payments, stating, "We are the ones paying the price with our lives, and we find no one to stand by us." He lamented that while they suffer, others profit and work against them.

Israel has reportedly prevented cash from entering Gaza since the October 7th attacks, aiming to enforce electronic payments, thereby imposing a blockade on Hamas and enabling tracking of all funds within the Strip. This policy, combined with the targeted killings of financiers and money changers, has exacerbated Hamas's liquidity problems.

In response to the cash shortage, Hamas is reportedly pressuring merchants to accept cash payments, which would make it easier for the organization to collect funds. A Hamas police official confirmed a "determined decision to take strict measures against merchants who refuse to work with banknotes."