The Israel`s Ministry of Defence transferred 29 million shekels (USD 7.6 million) in Hamas funds seized by soldiers in the Gaza Strip to the Bank of Israel on Thursday. The money, in shekels, dollars and other Arab currencies, was found in Hamas and Palestinian Islamic Jihad strongholds, or confiscated from the homes of their operatives or affiliated money changers.

During the fighting, the loot removal unit of the technology and logistics department located and confiscated the funds from the Gaza Strip. The money was then transferred to the Ministry of Defense`s finance division for counting at the Tzrifin army base near Rishon LeZion. After five hours of counting, an armored truck delivered the cash to the Bank of Israel and deposited it in the state`s coffers.