Monday, October 9, 2023

The Bank of Israel defends the shekel


The BoI announced that is selling US dollars to the limit of 30 billion. It means that the local currency is under attack by speculators. They will not succeed. 

The country is emerging from the shock that the frontier was undefended, and the frontier villages were open. Kibbutz Beeri (Beeri was the pen name of Berl Katzenelson, a leftist Zionist) not only was open and hosting vacationing visitors. Its neighbor, Kibbutz Re'em was holding a big trance all-night party. The revelers were caught at 6 AM drugged and tired when attacked but some were able to run to the nearby trees. 240 of them were killed on the spot. A massacre. One "militant" who was taken prisoner explained that they had prepared this surprise attack for a year, and were ready to fight ZAHAL, but it only appeared after 5 hours. 

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