Treasury, BOI ask Israel Postal Company to mediate Gaza cash transfers

The Treasury and the Bank of Israel (BOI) have asked the Israel Postal Company (IPC) to mediate the transfer of funds between Israel and Gaza banks. On Thursday morning, Bank Hapoalim and Bank Discount ceased cash transfers to the Strip, contrary to BOI Governor Stanley Fischer's advice. The IPC is demanding that the State bear any future legal costs that arise if it becomes clear that the money transferred to the Strip is used to fund terror, Army Radio reported.