JERUSALEM: Israel will enter a three-week nationwide lockdown starting on Friday to contain the spread of the coronavirus after a second- wave surge of new cases, Prime Minister Benjamin Netanyahu said on Sunday.
During the lockdown, which comes during the Jewish high-holiday season, Israelis will have to stay within 500 meters of their houses, but can travel to workplaces that will be allowed to operate on a limited basis.
Schools and shopping malls will be closed but supermarkets and pharmacies will remain open. The public sector will operate with fewer staff, but non-governmental offices and businesses will not have to close, as long as they do not accept customers.
Indoor gatherings are limited to 10 people and no more than 20 people outdoors.
“I know those measures will exact a heavy price on us all,” Netanyahu said in a televised address. “This is not the kind of holiday we are used to. And we certainly won’t be able to celebrate with our extended families.”
The Finance Ministry said the lockdown will cost the economy, which slipped into a recession in the wake of the virus, an estimated 6.5 billion shekels ($1.88 billion).
Netanyahu, who has faced increasing criticism over his handling of the coronavirus crisis, said he instructed his finance minister to come up with a new economic package to assist businesses hurt by the lockdown.
Israel declared an even tighter lockdown in April when the virus first arrived, after which daily cases dropped to low double digits among a population of nine million.
But as the economy reopened, daily infections jumped, passing 4,000 last week. On Saturday, 2,715 new cases were reported. Since the outbreak began, 1,108 people have died.
The country’s health system “raised a red flag” a few days ago, spurring the government to act, Netanyahu said.
The director general of the Health Ministry, Hezi Levy, said in a radio interview earlier on Sunday that “dozens of localities are being sucked into the circle of morbidity.”
“We have to impose severe restrictions, but they will be able to stem this wave and not bring us to the brink of an abyss,” Levy said. ($1 = 3.4566 shekels)
Israel to lock down nationwide in main holiday season amid COVID-19 surge
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Israel to lock down nationwide in main holiday season amid COVID-19 surge
Syria’s growth accelerates as sanctions ease, refugees return
- Economy grows much faster than World Bank’s 1% estimate, fueling plans for currency’s relaunch
NEW YORK: Syria’s economy is growing much faster than the World Bank’s 1 percent estimate for 2025 as refugees flow back after the end of a 14-year civil war, fueling plans for the relaunch of the country’s currency and efforts to build a new Middle East financial hub, central bank Governor AbdulKader Husrieh has said.
Speaking via video link at a conference in New York, Husrieh also said he welcomed a deal with Visa to establish digital payment systems and added that the country is working with the International Monetary Fund to develop methods to accurately measure economic data to reflect the resurgence.
The Syrian central bank chief, who is helping guide the war-torn country’s reintegration into the global economy after the fall of Bashar Assad’s regime about a year ago, described the repeal of many US sanctions against Syria as “a miracle.”
The US Treasury on Nov. 10 announced a 180-day extension of the suspension of the so-called Caesar sanctions against Syria; lifting them entirely requires approval by the US Congress.
Husrieh said that based on discussions with US lawmakers, he expects the sanctions to be repealed by the end of 2025, ending “the last episode of the sanctions.”
“Once this happens, this will give comfort to our potential correspondent banks about dealing with Syria,” he said.
Husrieh also said that Syria was working to revamp regulations aimed at combating money laundering and the financing of terrorism, which he said would provide further assurances to international lenders.
Syria’s central bank has recently organized workshops with banks from the US, Turkiye, Jordan and Australia to discuss due diligence in reviewing transactions, he added.
Husrieh said that Syria is preparing to launch a new currency in eight note denominations and confirmed plans to remove two zeroes from them in a bid to restore confidence in the battered pound.
“The new currency will be a signal and symbol for this financial liberation,” Husrieh said. “We are glad that we are working with Visa and Mastercard,” Husrieh said.
