The 3.00 increase: How the rising shekel poses a risk to Israel’s economy
Recent Trends in Israel’s Monetary System Recently, Israel’s monetary landscape has undergone significant changes that extend well beyond typical variations. While the U.S. dollar is exhibiting weakness globally, the Israeli shekel is actually leading the way, gaining strength against many major currencies. This month, major currencies have gained roughly 2% against the dollar, but the […]
Shekel falls below 3 to the dollar for the first time since 1995; exporters caution about economic risks
Shekel Declines Below 3 NIS to the Dollar Amid Economic Concerns On Wednesday, the shekel dipped below the 3 NIS mark against the dollar, reaching its strongest position in over three decades. This shift is largely tied to growing hopes for a resolution to the conflict with Iran and a potential cease-fire in Lebanon. However, […]