Chief Officer of the Foreign Ministry, Aharon Abramowitz, will head a team examining Israel’s monetary policy in Gaza. Abramowitz will report on the findings to Foreign Minister Tzipi Livni, who will bring the report up for government discussion.

Minister of Defense Ehud Barak approved the release of NIS 100 million Thursday to prevent the collapse of Gazan banks. He did so despite many protests from within the government and without.