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Israel informs Palestinians to stop gold trade with Gaza

Xinhua, March 29, 2016 Adjust font size:

A senior Palestinian official said Tuesday that Israel informed the Palestinian National Authority (PNA) of stopping import and export of gold into the Gaza Strip.

Nazmi Muhanna, head of borders and crossings commission of the PNA, said in a press statement that Israel gave the decision without explaining reasons.

Israeli authorities allowed exporting certain amounts of gold last month after a nine-year ban.

Israel imposed a tight blockade on the coastal Gaza Strip and considered it a hostile entity right after Islamic Hamas movement seized control over the enclave in 2007.

Due to international pressures, Israel said it will lift the blockade gradually. Endit