Dinar, Dollar, Euro, Shekel: Adopting a Currency in Conflict and Post-Conflict Palestine
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Authors
Amara, Jomana
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Date of Issue
2013-07-30
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Abstract
As Secretary of State John Kerry attempts to revive the Palestinian-Israeli peace process potentially leading to an
independent nation, it is worth reflecting on the critical first steps in the process of rebuilding the struggling
Palestinian economy. As I outlined in the first blog in this series on currency in conflict-affected environments, a
major part of rebuilding a nation’s economy in the aftermath of conflict is the creation of a viable, credible, and
sustainable, currency system that will lead to macroeconomic stability. Emerging nations have three major
options in setting their currency:
1. Adopting a foreign currency such as the dollar for all official transactions
2. Continuing with the currency currently in circulation, often the currency of an adversary
3. Creating a national currency
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United States Institute for Peace, International Network for Economics and Conflict
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Business & Public Policy (GSBPP)
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This publication is a work of the U.S. Government as defined in Title 17, United States Code, Section 101. Copyright protection is not available for this work in the United States.