Palestinian Monetary Authority governor Yahya Shunnar sought French and international support in Paris for correspondent banking and the surplus-shekel problem, WAFA reported on 1 November 2026. Meetings involved the Élysée, Banque de France and French Treasury, focusing on transfers and trade. The announcement describes efforts to raise challenges with the G7, not proof of final guarantees or a resolved crisis. وكالة الأنباء والمعلومات الفلسطينية — WAFA

Context and what it means

The European Central Bank defines correspondent banking as an arrangement in which one bank makes or receives payments for another, potentially providing other services. The discussions therefore concern channels for completing transactions between institutions, rather than simply cash availability inside a branch. This explains the relationship’s function; it is not an assessment of an individual Palestinian bank’s soundness or financial advice to customers. European Central Bank