"The Central Bank of Ireland is off the hook on the increasingly contentious issue of approving Israeli bonds. After the expiry of its authorisation of the bonds today, Israel is switching its approval process to Luxembourg from tomorrow."
"The announcement was made by Gabriel Makhlouf, the governor of the Central Bank, in a letter to Mairéad Farrell, chair of the Oireachtas finance committee, who had called on the bank to refuse to renew its "facilitation of Israeli war bonds"."
The Central Bank of Ireland allowed its authorisation of Israeli bonds to expire today, ending its role in approving those instruments. Israel will shift its bond approval process to Luxembourg starting tomorrow, moving approvals out of Ireland's responsibility. Gabriel Makhlouf, governor of the Central Bank, communicated the change in a letter to Mairéad Farrell, chair of the Oireachtas finance committee. Mairéad Farrell had urged the bank to refuse to renew what she described as its "facilitation of Israeli war bonds". The result transfers immediate approval authority for the bonds to Luxembourg's authorities.
#central-bank-of-ireland #israeli-bonds #luxembourg-approval #gabriel-makhlouf #oireachtas-finance-committee
Read at Irish Independent
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