In Gaza, money is falling apart
Planet Money
2025/09/20
In Gaza, money is falling apart
In Gaza, money is falling apart

Planet Money
2025/09/20
In the midst of war, Gaza's financial system has collapsed, leaving its people to navigate a reality where money barely functions and survival depends on ingenuity and connection. Amid the rubble and restrictions, two friends—one inside Gaza, one abroad—are trying to bridge an impossible gap.
With banks destroyed and cash in disrepair, Gaza’s economy operates on barter, mobile transfers, and informal networks. International aid is stifled by banking fears of terrorism financing, forcing individuals to rely on personal swaps of shekels through trusted contacts. Even when money is sent, accessing it is nearly impossible without functioning ATMs or electricity. Inflation has skyrocketed—diapers now cost 12 times more—while basic goods vanish from shelves. People risk their lives to find milk or charge a phone, and communication itself becomes a lifeline. Despite this, residents like Haya persist, studying and sharing their stories online, clinging to dignity and hope in a place where normal life has been erased.
09:52
09:52
Getting cash from a bank account now costs a 50% fee due to extreme shortages
22:43
22:43
Al-El-Din uses informal money swaps to send funds instead of wire transfers due to banking restrictions
28:48
28:48
Diaper prices in Gaza have risen from $6 to $75 per pack due to inflation
32:23
32:23
The U.N. calls the famine in Gaza man-made, which Israel rejects.