The Bank of ‘Israel’ has instructed local banks to report more frequently on the movement of money in and out of the occupation entity.
The banks have been instructed to make their reports weekly rather than monthly.
The new directive comes amid volatility in the Israeli shekel since plans were laid out to overhaul the judiciary.
Analysts have tied the shekel’s performance to uncertainty regarding Prime Minister Benjamin Netanyahu’s plan to change the Israeli court system.
His proposal, which has already received initial parliamentary approval, would give the government greater sway on selecting judges and limit the power of the Supreme Court to strike down legislation.
Israeli tech unicorn Riskified said that they would be transferring $500 million dollars out of the country and offering a limited number of relocation packages to interested staff members.
The fraud prevention company’s CEO and co-founder Eido Gal said in an email to staff that the company was transferring the money, which was “essentially all” of the firm’s reserves in Israel, due to concerns that the government may begin to place restrictions on cash transfers.
Moody’s Investor Service warned on Tuesday that the Israeli government’s planned judicial reforms could weaken institutions and could negatively impact the Zionist entity’s sovereign credit profile.
Protests Besiege Ben Gurion Airport
Israeli protesters on Thursday were intensifying their opposition to a contentious government proposal to overhaul the judiciary, cordoning off Ben Gurion airport and Haifa seaport.
In Tel Aviv, thousands were marching along a central boulevard, waving flags and chanting anti-reform and anti-Netanyahu slogans such as “the time has come to overthrow the despot”. Protesters blocked a major intersection and police diverted traffic to alternate routes.
For his part, the so-called security minister Itamar Ben-Gvir resumed his verbal attacks on the protesters, vowing to prevent them from hindering the government’s actions.
Source: Al-Manar English Website and other websites
