Al-Monitor Daily Briefing: Turkey’s ‘peg-legged’ foreign currency reserves

If you have trouble reading this email, [view it in a browser](. [logo]( [fb_icon]( [twitter_icon]( EDITOR'S PICKS Monday, July 6 | Daily Briefing [By: Mustafa Sonmez on Monday, Jul. 6, 2020]( Turkey 1 [Turkey’s ‘peg-legged’ foreign currency reserves]( Turkey’s central bank appears increasingly fragile, with more than 60% of its reserves secured through swap deals. Washington 2 [Congress revives bid to pull US out of Yemen war]( The Democratic-held House is taking another stab at ending US support for the Saudi coalition’s war against Yemen’s Houthis. Egypt 3 [Crackdown on Egypt’s front-line health care workers continues]( Egyptian doctors are outraged by authorities’ handling of medical personnel after a number of doctors were arrested and others were criticized. Gulf 4 [Qatar coronavirus cases top 100,000 as restrictions ease]( The Gulf state announced 546 new cases and five more deaths from the virus on Monday. Israel 5 [Has Israel lost control over coronavirus pandemic?]( Faced with a continued spike in coronavirus cases, Israel’s government is set to reimpose crowding restrictions. 6 [Yazidis still negotiating return of kidnapped women, children]( In the absence of local and international authorities, the Yazidis continue buying back their kidnapped women and children. 7 [Has China gained an edge on the US in the Gulf?]( China has upped the ante, but the United States holds the winning hand; Oman weighs risks and benefits of Gulf bailout; will migrant workers return to GCC? Syria 8 [Northwest Syria holds breath for decision on cross-border aid]( Syrians in Idlib fear aid cuts as much as new battles as their living conditions worsen. Jordan 9 [As annexation deadline passes, Jordan feels relieved but remains vigilant]( Even though the controversial Israeli annexation plan appears to be on hold for now, Jordan is careful not to let down its guard. Washington 10 [Intel: US pushes Hifter’s Libyan militias to disband]( US officials pushed strongman Khalifa Hifter’s Libyan National Army (LNA) to demobilize in a virtual meeting on Wednesday. 11 [Palestinian Authority to pay civil servants half their monthly wages amid cash crunch]( Faced with a worsening financial crisis, the Palestinian Authority has slashed the salaries of its public sector employees. Iraq 12 [Counter-Terrorism forces take greater role in Iraq]( Iraq’s US-trained Counter-Terrorism Services have taken on a more prominent role in operations in recent weeks under the new government. 13 [Rights group: Detainees in overcrowded Yemen prison at risk of COVID-19]( Prisoners at an overcrowded detention center in Aden face serious health risks, Human Rights Watch says in a report. 14 [OPEC continues oil export cuts in June]( Global oil prices continue to hold up relative to earlier in the year as oil-producing countries in the Middle East struggle economically. Gulf 15 [Houthis state readiness to talk peace with Saudis as missiles continue to rain]( By escalating military operations against Riyadh, the Houthis are seeking to build themselves a position of strength for public negotiations with Saudi Arabia. 16 [Survey: Displaced Iraqis experiencing job losses, food shortages amid pandemic]( The survey by the International Rescue Committee is the latest proof of economic hardship in Iraq as it grapples with a steep jump in COVID-19 cases. 17 [Vatican summons Israel, US ambassadors over West Bank annexation]( The Vatican's secretary of state met with US Ambassador Callista Gingrich and Israeli Ambassador Oren David on Tuesday. Turkey 18 [Turkish court hears case to convert Hagia Sophia into mosque]( Long a subject of political discourse in Turkey, a court will issue a verdict within 15 days on whether Istanbul’s iconic Hagia Sophia, currently a museum, can be converted into a mosque. STAY CONNECTED [fb_icon_footer]( [twitter_icon_footer]( [instagram_icon_footer]( [rss_icon_footer]( CONTACT US [Support & Contact]( [Advertise](mailto:advertise@al-monitor.com) NEWSLETTERS [Subscribe]( TERMS OF USE [Visitor Agreement]( [Privacy Policy]( © 2020 Al-Monitor. All Rights Reserved. If you no longer wish to receive these emails you may [unsubscribe or manage your preferences]( at any time. Al-Monitor · 1850 K St NW · Suite 1225 · Washington, DC 20006 · USA