Israel has transferred the equivalent of more than $1 billion to the Palestinian Authority, a Palestinian minister said Wednesday, weeks after coordination was renewed between the two sides.

"The #Israeli government transfers all financial dues of the clearance to the account of the #Palestinian Authority, amounting to three billion and 768 million shekels," civil affairs minister Hussein al-Sheikh wrote on Twitter, referring to taxes, including customs taxes, that the Jewish state collects on behalf of the PA.