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The Jewish Home | JUNE 2, 2022
ed an implosion by selling currency reserves and creating special bank accounts to protect savers and corporates from the currency’s decline. But the central bank’s net reserves are now at negative $55 billion.
Meanwhile, calculations from four Turkish economists who ran the numbers for Reuters show that around $10 billion in deposits are up for redemption in July, along with another $20 billion August. Daniel Moreno, head of emerging markets debt at Mirabaud, which sold its last remaining Turkey bonds last year, stated, “I don’t think it is sustainable. You cannot just offer anyone a payout to protect against currency weakness. “[Things] seem to be getting worse by the day. But Turkey is not going to go down without a fight.” Turkey is set to hold elections in 2023, and according to Petar Atanasov at emerging market fund Gramercy, “The whole invest-ability of Turkey hinges on the election outcome. “The market will be quite skeptical until the very end,” he added. “It will be an election that is extremely unclear – anything could happen.”
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Suriname, a small country in South America, announced its plans this week to open an embassy in Jerusalem. On Monday, Israeli Foreign Minister
Yair Lapid (Yesh Atid) hosted Suriname Fforeign minister Albert Ramdin. During the meeting between the two diplomats, the Surinamese Foreign Minister announced that his country plans to soon open an embassy in Jerusalem, the capital of Israel. Suriname’s announcement comes one day after Israel celebrated Jerusalem Day, commemorating the day when, during the Six Day War, Israel took back parts of Jerusalem from Jordanian hands, reuniting the city under Israeli rule. During their Monday meeting, the ministers signed an agreement on political consultations between the Israeli and Surinamese foreign ministries. Additionally, in the aftermath of the severe flooding which struck northern Suriname about a month ago, Lapid offered his Surinamese counterpart to send humanitarian aid with the goal of aiding residents left without shelter. The Republic of Suriname is the smallest sovereign state in South America and borders Brazil to the north. It is culturally a Caribbean country, although it maintains close ties to the Netherlands. Dutch is the prevailing language spoken there.
Iran Spied on UN Agency
On Tuesday, Prime Minister Naftali Bennett released documents he said were taken from Iran and show Iranian intelligence spied on the UN’s Atomic Agency in order to better cover up its rogue nuclear activities. Bennett tweeted a link to the files, which are in Persian, along with a video in which he responded to remarks by Iranian Foreign Minister Hossein AmirAbdollahian dismissing the spying allegations last week as “Zionist lies.” “Spreading lies? Come on. I’m holding the proof of your lies right here in my hands,” Bennett said, holding up copies of the documents. “You see, after Iran stole classified documents from the UN’s Atomic Agency, Iran used that information to figure out what the atomic agency was hoping to find, and then created cover stories and hid evidence to evade their
