Israeli occupation from 1967 seized monetary and fiscal control over Palestine

Evidence

The key moment in the construction of Palestine’s political-economic subjugation, however, was the Israeli occupation of the West Bank, Gaza, and East Jerusalem in 1967. Israel enforced its currency as the official one for the Palestinian territories, replacing previously used regional currencies, and took full control of the fiscal budget in the West Bank and Gaza, overseeing taxation and collection. Palestinians were forced to pay income taxes that were 3 to 10 percent higher than Israelis in the same income bracket. — Clara E. Mattei, Escape from Capitalism, 314

Categorization

• XREF: connects to: Israeli military orders after 1967 systematically deindustrialized the Palestinian economy. — Clara E. Mattei, Escape from Capitalism, 315; Palestine lost its productive base and imports goods it once made itself. — Clara E. Mattei, Escape from Capitalism, 309; Everyday Palestinian life is saturated with Israeli economic control. — Clara E. Mattei, Escape from Capitalism, 307