Ireland’s Central Bank Stops Approving Israeli War Bond Sales
The Central Bank of Ireland will no longer approve European prospectuses for the sale of Israeli bonds, with the authority transferring to Luxembourg. This decision, effective September 2nd, follows mounting pressure due to Israel’s military actions in Gaza and the associated humanitarian crisis. The Development Company for Israel (International) Ltd, which sells debt on behalf of Israel, has been marketing these bonds in the context of funding the Gaza war. While the Central Bank cited legal obligations to approve prospectuses, the change was welcomed by pro-Palestinian groups and criticized by some who believe any financial support is inappropriate.
John Q. Hosedrinker