- 2004 European Occupation Forces seizes tens of millions of shekels in Ramallah bank raid
- IEF-troops-storm-banks-money 2006
Occupying forces stormed several local banks and money exchange stores in West Bank cities on predawn Wednesday, seizing more than one million U.S. dollars, Palestinian security sources and witnesses said.
In northern West Bank city of Jenin, an occupying force rolled into the town and seized about one million New Israeli Shekels ( NIS), (about a quarter million U.S. dollars) from several money exchange stores and banks.
Witnesses said that the troops, backed by 30 military vehicles, surrounded a number of houses in Jenin and broke into nearby money exchange stores and robbed them under the pretext of searching for Palestinian militants.
Troops driving jeeps, armored personnel carriers and trucks blocked off main roads in Ramallah and declared a curfew. Shop-owners were ordered to close their businesses, and residents and journalists were ordered indoors, some at gunpoint. Soldiers fired tear gas and rubber-coated steel pellets to disperse dozens of stone throwers.
Some other money-changers said that they were forced to open their stores for the soldiers, who seized them from their houses.
In the West Bank city of Tulkarem, the troops also confiscated cash and computers from two stores.
Moreover, the troops entered into the National Commercial Bank in Nablus city and seven stores in Ramallah city, seizing all money inside, according to the witness.
The occupying army also announced that it had stormed 24 stores and banks across the West Bank, accusing them of dealing with what they called foreign terrorists and transferring money for Palestinian militant groups.
Palestine Media Center - In a "Mafia-like" robbery, Israeli Occupation Forces (IOF) on Wednesday morning raided Palestinian bank branches in the West Bank city of Ramallah, confiscating around $7-9 million from 400 Palestinian accounts, in a raid condemned by the Palestinian government and criticized by the United States.
Palestinian Minister of Finance Salam Fayyad said that there is a Palestinian-US-Israeli understanding prohibiting any Israeli activity against the Palestinian banking system, adding: "The aggression against the banks in Ramallah yesterday is a flagrant violation of the agreements between the Palestinian and Israeli sides. It hurts the Palestinian economy and its institutions."
An Israeli security official said the raids also targeted accounts of "terrorist operatives" and their families and "outlawed organizations," principally Islamic charities that are suspected of funneling money to "terrorist" groups. [this charge, and the phoney anti-semitism is wearing very thin.]