The IDF urged residents of the Gaza Strip to protect themselves from financial exploitation by Hamas and to replace old-issue banknotes with current ones on Monday, warning that soon the old notes could lose all value.

"Most of the old-issue banknotes have already been replaced with new ones some time ago. If any of you still possess those old banknotes, you face a serious financial risk. In the very near future, these banknotes will be worth nothing, and you will be left with nothing," IDF Arabic Spokesperson Lt.-Col. Ella Waweya wrote on X/Twitter.

Hamas is trying to exploit the situation through offloading banknotes that will soon be worthless onto the Gazan people and even their own operatives, according to Waweya.

Maj. Ella Waweya, the new Arabic language spokesperson, pictured on July 7, 2024.
Maj. Ella Waweya, the new Arabic language spokesperson, pictured on July 7, 2024. (credit: MARC ISRAEL SELLEM/THE JERUSALEM POST)

"While some movement elements receive their salaries in old banknotes, the leaders hold onto the new ones. The leaders care only about themselves, leaving their field operatives and the residents of the Strip to bear the losses alone," Waweya wrote.

Gaza residents urged not to accept old banknotes

Gazan residents are recommended not to accept salaries or payment in old banknotes.

"Do not allow the terrorist Hamas leadership to burden you with the consequences of its losses," Waweya wrote.