Palestine Monetary Authority says it is working to protect citizens from extortion. The authority says it will increase the number of bank branches that are open in the Gaza Strip.

It says the situation has worsened as a result of the lack of ATMs in the area. The Authority says that it will take further steps to protect its citizens from the practice of extorting them for cash. The Monetary Authority is working on a solution to the problem, the authority said in a statement on Sunday. It said that the situation will improve once the situation is resolved.