IDF raids currency exchange store in Ramallah

The IDF raided a currency exchange store in Ramallah on the night between Wednesday and Thursday, in order to confiscate funds used for terrorist purposes.

When the owner of the money exchange “refused to open the safe, the forces who were there carried out the detonation in a controlled way,” the army said.


Despite the efforts to control the explosion, a fire broke out and quickly spread to adjacent stores.

The military said the raid was an operation to confiscate terror funds but did not elaborate which groups the money exchanger is funding.


This is not the first time this exchange company has been raided by the IDF. This raid was executed based on intelligence provided by the Israel Police. The store’s owner refused to open the safe, leading the IDF soldiers to try and crack it with explosives. The attempt reportedly failed.

In March, IDF forces raided the offices of Palestinian television channel Falasteen Al-Yom in the Ramallah-adjacent town of al-Bireh, confiscating equipment. At the same time, the IDF arrested the channel’s Judea and Samaria director, Farouk Alian. Despite the raid, the Islamic Jihad-affiliated channel – considered one of the most popular among Palestinians – has gone on broadcasting out of Gaza.