Iranian Government to Hold Referendum on Electoral Law

Two Iranians walk past a mural in one of Tehran’s streets on Wednesday, February 12, 2020 (EPA)
Two Iranians walk past a mural in one of Tehran’s streets on Wednesday, February 12, 2020 (EPA)
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Iranian Government to Hold Referendum on Electoral Law

Two Iranians walk past a mural in one of Tehran’s streets on Wednesday, February 12, 2020 (EPA)
Two Iranians walk past a mural in one of Tehran’s streets on Wednesday, February 12, 2020 (EPA)

The Iranian government announced Wednesday it was preparing a new draft law for a referendum that would limit the powers of the Guardian Council of the Constitution.

The 12-member Guardian Council consists of six Muslim clerics appointed by the Supreme Leader and six lawyers elected by parliament. It is charged with ensuring that draft laws do not contradict with religious laws or Iran’s constitution and overseeing elections and legislation.

Iranian president's assistant for legal affairs Laya Junaidi made the announcement and was quoted by news agencies as saying that the bill will be presented to the Iranian cabinet to set the framework for overseeing the Guardian Council.

She pointed to differences between the government and the Guardian Council in interpreting the task of corrective oversight.

“Any interpretation must respect the boundaries when implemented, she stressed, adding that “if it causes the prohibition, restriction, and loss of rights, the original right must be taken into consideration.”

Electoral campaigns will be launched on Thursday (today), eight days before the Iranians head to the ballot boxes to vote, amid fears of declining turnout.

President Hassan Rouhani slammed on Tuesday the disqualification of thousands of people, including 90 current lawmakers, from running in upcoming parliamentary elections.

Most of those rejected were reformist and moderate candidates who were disqualified due to “financial problems,” a reference to embezzlement and corruption.

He indirectly called for the need to hold a referendum in the country over a new system of rule amid internal criticism of the Supreme Leader’s control over state affairs and agencies, vastly exceeding the power of the government.

The President said the current system is based on the “will of the people” and the “referendum.”

He issued an order on Feb. 7 to submit a regulation on “reforming the supervision of the elections.”

Rouhani’s orders came in response to a message by the “Union of the Nation of Iran” - the largest reformist party - which asked the Iranian president, a few days ago, to submit a draft-law to conduct a referendum on the supervision of the Guardian Council.

The Union of the Nation of Iran party took advantage of Rouhani’s statements about the need to hold a referendum and urged him to return to the public opinion on sensitive issues, such as economy, politics, society, and culture.



Israeli Finance Minister Says Banks Should Not Obey EU Sanctions on Settlers

20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
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Israeli Finance Minister Says Banks Should Not Obey EU Sanctions on Settlers

20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)
20 July 2022, Israel, Barkan: Right-wing settlers march to build a settlement in the West Bank near Barkan. (dpa)

Israel's Finance Minister Bezalel Smotrich on Thursday condemned the country's banks that have refused to provide services to Israeli settlers sanctioned by the European Union and warned they may have to pay compensation to them.

The EU last year imposed sanctions on five Israeli settlers for violence against Palestinians and Smotrich said there were reports of sanctions being considered against other settlers.

But in a letter to the banking supervisor, he said Israeli banks should not follow a "zero risk" policy since it leads to the abandonment of Israeli clients "under the guise of compliance with foreign sanctions."

In a statement quoting his letter to the regulator, Smotrich called on banks to use their legal, economic, and international strength to fight "unjust sanctions", Reuters reported.

"The banks’ enormous profits enable them to take measured risks on behalf of their clients — especially when it comes to a national moral injustice," Smotrich, who leads the far-right Religious Zionism party, said.

Should banks continue to comply with sanctions and harm clients, Smotrich said he intended to promote immediate legislation that would require banks to pay substantial compensation to affected customers.

He also intends to require the Bank of Israel itself to offer banking services to citizens targeted by sanctions.

Responding to the letter, the Bank of Israel said that while banks must comply with international sanctions to avoid an array of risks, a draft directive it published on Thursday aimed to ensure appropriate banking services were available for the affected customers.

"Circumventing foreign sanctions regimes through the Israeli banking system exposes banking corporations to multiple risks, including compliance risks, anti-money laundering and counter-terror financing risks, legal risks, and reputational risks," the central bank said.

But it said it has taken steps to comply with sanctions "without banks resorting to blanket refusals to serve such customers."

While the sanctions in question concern Israeli settlers, the EU is reviewing its broad pact governing its political and economic ties with Israel in the face of mounting international pressure on Israel amid complaints about the lack of humanitarian aid reaching Gaza in the wake of the war triggered by Hamas' Oct. 7, 2023 attack.