Gold Quasi-Coinage in Hamas-Ruled Gaza

Abstract

A limited, local, possibly experimental issue, by a private individual, of small gold weights intended, both from their weight and from their design, to function as a quasi-currency or a form of saving/hoarding of gold in Gaza in 2023* is studied. The products are studied to learn about their manufacture and their possible models and sources of inspiration; they are considered as potential coins, being granted a degree of legitimacy by the Hamas regime in Gaza; and they are compared with stamps issued by the Palestinian Authority. It is concluded that they are unlikely to be a lasting phenomenon.

* This article was written and submitted in September 2023, and accepted for publication following revisions on October 1, shortly before the events of October 7, 2023.