Tunisian MPs seek to limit the central bank’s power to set interest rates

Tunisian members of parliament attend a plenary session to discuss a draft electoral reform, on September 27, 2024 in Tunis. (AFP)
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Updated 18 October 2024
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Tunisian MPs seek to limit the central bank’s power to set interest rates

  • The bill proposes that the bank will not be allowed to sign agreements with foreign oversight authorities without the president’s approval

TUNIS: Tunisia’s central bank will no longer have the exclusive power to adjust interest rates or foreign exchange policy and must only take such action in consultation with the government, but it will be allowed to finance the treasury, a bill proposed by lawmakers showed on Friday.
The step is the latest move that will ultimately undermine the central bank’s independence after continuous criticism by President Kais Saied, who said the bank should not be a state within a state.
The potential significant change in the central bank law comes as public finances face a severe crisis.
The country has been unable to secure Western funding since Saied seized nearly all power in 2021, ruling by decree, in a move the opposition has called a coup.
Twenty-seven lawmakers warned that Tunisia would go bankrupt if the bank law were not changed.
They said that the current law, adopted in 2016, which does not allow the central bank to make loans to the public treasury or direct bond purchases, has led to enormous losses for the state estimated at $36.6 billion.
The bill also proposes that the bank will not be allowed to sign agreements with foreign oversight authorities without the president’s approval.
Saied last year rejected the independence of the central bank, saying it should lend directly to the state treasury to avoid costly loans through banks.
In January, the government asked the central bank to provide $2.25 billion of direct funding to the treasury to fill a budget deficit.
Former central bank governor Marouan Abassi has warned that buying treasury bonds had risks, including upward inflation pressure and a drop in the value of Tunisia’s currency.
Earlier this year, Saied replaced Abassi with Zouhair Nouri.
Since 2016, the central bank has had absolute power to control monetary policy, reserves, and gold.
However, the proposed bill showed that the central bank could adjust interest rates, gold-related operations, and exchanges in consultation with the government.
Under the bill, the central bank will be allowed to buy government bonds from banks and lend up to 3 percent of GDP directly to the treasury with maturities exceeding five years.
Financial sources said the move would likely pave the way for a new government request for the central bank to provide up to $2.6 billion in direct facilities and loans to the treasury.

 


Gaza civil defense agency says Israeli strike kills 33 in Jabalia

Updated 4 sec ago
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Gaza civil defense agency says Israeli strike kills 33 in Jabalia

GAZA CITY, Palestinian Territories: Gaza’s civil defense agency said an Israeli strike near Jabalia in the territory’s north killed 33 people at a refugee camp overnight from Friday to Saturday.
Agency spokesman Mahmud Bassal announced “33 deaths and dozens of wounded,” while a medical source at the Al-Awda hospital told AFP that it had registered 22 dead and 70 wounded after the strike on the Tal Al-Zaatar camp for Palestinian refugees.
 

 


‘This is how a hero dies,’ say Gazans of Sinwar’s battlefield death

Updated 36 min 47 sec ago
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‘This is how a hero dies,’ say Gazans of Sinwar’s battlefield death

  • Hamas statement said a video released by the Israeli army proved Sinwar fought to his last breath "engaging against the occupation army at the front line”
  • Sinwar’s previous speeches, saying he would rather die at Israel’s hands than from a heart attack or car accident, have been repeatedly shared by Palestinians online

CAIRO: For one Gazan father, Yahya Sinwar’s death in battle trying to beat back a drone with a stick was “how heroes die.” For others, it was an example for future generations even as some lamented the ruinous cost of the war he sparked with Israel.
Sinwar, the architect of Hamas’ deadly Oct. 7, 2023, attack on Israel that triggered the war in Gaza, was killed on Wednesday in a gunfight with Israeli forces after a year-long manhunt, and his death was announced on Thursday.
A video of some of his final minutes, showing him masked and wounded in a shell-smashed apartment trying to hurl a stick at a drone filming him inspired pride among Palestinians.
“He died a hero, attacking not fleeing, clutching his rifle, and engaging against the occupation army at the front line,” a Hamas statement mourning Sinwar’s death said.

In the statement, Hamas vowed his death would only strengthen the movement, adding that it wouldn’t compromise on conditions to reach a ceasefire deal with Israel.
“He died wearing a military vest, fighting with a rifle and grenades, and when he was wounded and was bleeding he fought with a stick. This is how heroes die,” said Adel Rajab, 60, a father of two in Gaza.
“I have watched the video 30 times since last night, there is no better way to die,” said Ali, a 30-year-old taxi driver in Gaza.
“I will make this video a daily duty to watch for my sons, and my grandsons in the future,” said the father of two.

The attack Sinwar planned on Israeli communities a year ago killed around 1,200 people, mostly civilians, with another 253 dragged back to Gaza as hostages, according to Israeli tallies.
Israel’s subsequent war has devastated Gaza, killing more than 42,000 Palestinians, with another 10,000 uncounted dead thought to lie under the rubble, say Gaza health authorities.
Sinwar’s own words in previous speeches, saying he would rather die at Israel’s hands than from a heart attack or car accident, have been repeatedly shared by Palestinians online.
“The best gift the enemy and the occupation can offer me is to assassinate me and that I go as a martyr at their hands,” he had said.

Recruiting tool
Now some Palestinians are wondering whether Israel will regret allowing the fulfilment of that wish to be broadcast as a potential recruiting tool for an organization it has sworn to destroy.
“They said he was hiding inside the tunnels. They said he was keeping Israeli prisoners next to him to save his life. Yesterday we saw that he was hunting down Israeli soldiers in Rafah, where the occupation has been operating since May,” said Rasha, a displaced 42-year-old mother of four children.
“This is how leaders go, with a rifle in the hand. I supported Sinwar as a leader and today I am proud of him as a martyr,” she added.
A poll in September showed a majority of Gazans thought the Oct. 7 attack was the wrong decision and a growing number of Palestinians have questioned Sinwar’s willingness to launch a war that has caused them so much suffering.
Rajab, who praised Sinwar’s death as heroic, said he had not supported the Oct. 7 attacks, believing Palestinians were not prepared for all-out war with Israel. But he said the manner of his death “made me proud as a Palestinian.”
In both Gaza and the West Bank, where Hamas also has significant support and where fighting between Israeli occupying forces and Palestinians has increased over the past year, people wondered whether Sinwar’s death would hasten the war’s end.
In Hebron, a flashpoint West Bank city, Ala’a Hashalmoon said killing Sinwar would not mean a more conciliatory leader. “What I can figure out is that whoever dies, there is someone who replaces him (who) is more stubborn,” he said.
And in Ramallah, Murad Omar, 54, said little would change on the ground. “The war will continue and it seems it won’t end soon,” he said.


What’s next for Hamas after its leader Yahya Sinwar’s death?

Updated 19 October 2024
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What’s next for Hamas after its leader Yahya Sinwar’s death?

  • If Hamas names a replacement for Sinwar, Khaled Mashaal and Khalil Al-Hayya, both members of Hamas’ political leadership based in Qatar, are widely considered the most likely contenders

BEIRUT: The killing of Hamas leader Yahya Sinwar by Israeli forces in Gaza this week leaves the Palestinian militant group considering new leadership for the second time in less than three months.
Will Hamas now turn away from its hard-line wing or will it double down, and what will it mean for the group’s future and for the revival of ceasefire and hostage exchange negotiations between Hamas and Israel?
Sinwar replaced Hamas’ previous leader, Ismail Haniyeh, after Haniyeh was killed in July in a blast in Iran that was widely blamed on Israel.
As an architect of the Oct. 7, 2023, attack in southern Israel that sparked the war in Gaza, Sinwar was a defiant choice at a time when some expected the militant group to take a more conciliatory approach and seek to end the conflict.
Sinwar’s killing appeared to be a chance front-line encounter with Israeli troops on Wednesday.
Sinwar’s death has little immediate impact on Hamas
Killing Sinwar marked a major symbolic victory for Israel in its yearlong war against Hamas in Gaza. But it has also allowed Hamas to claim him as a hero who was killed in the battlefield, not hiding in a tunnel.
While the group is on the defensive and has been largely forced underground in Gaza, it continues to fight Israeli forces in the enclave and to exert political influence.
Bassem Naim, a Qatar-based member of the group’s political bureau, said in a statement that Israel had killed other Hamas leaders, including its founding leader, Sheikh Ahmed Yassin, and his successor, Abdel Aziz Rantisi, who were killed by airstrikes in 2004.
“Hamas each time became stronger and more popular, and these leaders became an icon for future generations,” he said.
The impact of Sinwar’s death on military operations in Gaza remains to be seen. But Sadeq Abu Amer, head of the Turkiye-based think tank Palestinian Dialogue Group, said that “there will be no significant impact on the political structure of Hamas.”
When Sinwar was appointed, “the situation was basically arranged so that Hamas could manage its political affairs and manage the organization independently of Sinwar” because of the difficulties of communication between Sinwar and Hamas’ political leaders outside of Gaza, he said.
Most matters were managed by “collective leadership” between the head of the group’s Shoura Council and officials in charge of the West Bank, Gaza and regions abroad, he said. The notable exception: Sinwar controlled all matters related to Israeli hostages in Gaza.
The search for a replacement
Sinwar’s term was a temporary one and would have expired in the second half of 2025.
“Hamas will not move urgently at the present time to choose a head of the political bureau,” Thabet Al-Amour, a political analyst in Gaza, said. He noted that Khalil Al-Hayya, Sinwar’s deputy based in Qatar, was already managing executive affairs and can continue to do so.
Abu Amer agreed that Hamas might opt to keep running with the current “formula of collective leadership.” Another possibility, he said would be the election of one of the three regional leaders: Al-Hayya, who is in charge of Gaza; Zaher Jibril, in charge of the West Bank; or Khaled Mashaal, in charge of areas outside of the Palestinian territories.
The group also might select a leader without publicly announcing the name “for security reasons,” he said.
Who are the contenders?
If Hamas names a replacement for Sinwar, Khaled Mashaal and Khalil Al-Hayya, both members of Hamas’ political leadership based in Qatar, are widely considered the most likely contenders.
Al-Hayya had served as Sinwar’s deputy and as the head of the group’s delegation in ceasefire negotiations, both in the current war and during a previous conflict in 2014. He is a longtime official with the group and survived an Israeli airstrike that hit his home in Gaza in 2007, killing several of his family members.
Al-Hayya is seen as close to Iran, but as less of a hard-liner than Sinwar. He was close to Haniyeh.
In an interview with The Associated Press in April, Al-Hayya said Hamas was willing to agree to truce of at least five years with Israel and that if an independent Palestinian state were created along 1967 borders, the group would dissolve its military wing and become a purely political party.
Mashaal, who served as the group’s political leader from 1996 to 2017, is seen as a relatively moderate figure. He has good relations with Turkiye and Qatar, although his relations with Iran, Syria and Hezbollah have been troubled due to his support for the Syrian opposition in the country’s 2011 civil war.
Moussa Abu Marzouk, a founding member of Hamas and the first head of its political bureau, is another potential candidate who is seen as a moderate.
Some have suggested that Sinwar’s brother, Mohammed, a key military figure in Gaza, could replace him — if he is still alive. Al-Amour downplayed that possibility.
“Mohammed Sinwar is the head of the field battle, but he will not be Sinwar’s heir as head of the political bureau,” he said. Rather, Al-Amour said the death of Sinwar, “one of the most prominent hawks within the movement,” is likely to lead to “the advancement of a trend or direction that can be described as doves” via the group’s leadership abroad.
Ceasefire negotiations
In the first public statement by a Hamas official after Sinwar’s death, Al-Hayya appeared to take a hard line on negotiations for a ceasefire deal that would see the release of some 100 Israeli hostages captured in the Oct. 7 attack that sparked the war and who are believed to be held in Gaza.
There will be no hostage release without “the end of the aggression on Gaza and the withdrawal (of Israeli forces) from Gaza,” Al-Hayya said.
But some believe that the group may now moderate its stance.
In particular, Mashaal “shows more flexibility when it comes to collaborating with the Qataris and Egyptians to reach ceasefire in Gaza, which would also have a positive impact on the situation in Lebanon,” Saad Abdullah Al-Hamid, a Saudi political analyst, said.
But Sinwar’s death could leave some “practical difficulties in completing a prisoner exchange,” Abu Amer said.
The Gaza-based leader was “the only one in the Hamas leadership who held the secrets of this file,” he said, including the location of all the hostages.
 

 


Tunisia sentences prominent opponent Noureddine Bhiri to 10 years in prison

Tunisian Minister of Justice Noureddine Bhiri (C) visits the notorious prison of Ennadhour on April 29, 2012, in Bizerte. (AFP)
Updated 19 October 2024
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Tunisia sentences prominent opponent Noureddine Bhiri to 10 years in prison

  • Bhiri has been detained for 18 months, along with many opponents of President Kais Saied who has tightened his grip on powers and began ruling by decree in a move the opposition described as a coup

TUNIS: Tunisian court sentenced on Friday the prominent official in Ennahda opposition party Noureddine Bhiri to 10 years in prison, on charges of attacking state security and inciting Tunisians against each other, a lawyer told Reuters.
Bhiri’s lawyer Monia Bouali, said the trial “was marred by many legal violations due to a Facebook post attributed to him that technical tests proved did not exist at all.”
Bhiri has been detained for 18 months, along with many opponents of President Kais Saied who has tightened his grip on powers and began ruling by decree in a move the opposition described as a coup.

 

 


Israel army says intercepts ‘aerial target’ approaching from Syria

A UN peacekeeper guards at a post along the Israel-Syria border in the Israeli-occupied Golan Heights, April 2, 2024. (REUTERS)
Updated 19 October 2024
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Israel army says intercepts ‘aerial target’ approaching from Syria

  • “Israeli air defenses in the occupied Syrian Golan targeted two drones launched by the Islamic Resistance in Iraq, coming from Iraq through Syrian territory,” the war monitor said in a statement

JERUSALEM: The Israeli military said it had intercepted a suspicious “aerial target” approaching from Syria on Friday, which a war monitor said was a drone launched by an Iran-backed group.
“A short while ago, a suspicious aerial target that approached Israeli territory from Syria was intercepted by the IAF (air force)... before it crossed into Israeli territory,” the military said in a statement.
The Britain-based Syrian Observatory for Human Rights said the drone was launched by the Iran-backed Islamic Resistance in Iraq group.
“Israeli air defenses in the occupied Syrian Golan targeted two drones launched by the Islamic Resistance in Iraq, coming from Iraq through Syrian territory,” the war monitor said in a statement.
The Islamic Resistance in Iraq, a network of pro-Iran militias, has regularly claimed launching drones targeting Israel.
Israel is fighting a war on two fronts, one with Hezbollah in southern Lebanon, the other with Hamas in Gaza, while it also faces attacks from Iran-backed militants in Syria, Iraq and Yemen.
Israeli authorities rarely comment publicly about individual strikes or operations involving Syria, but have repeatedly said they will not allow Iran to expand its foothold in the region.