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In a surprising turn of events during the last week of October, the shekel outperformed other emerging market currencies, appreciating by 2.5% against the...
Bar Ilan University in Israel received a 1 billion Shekel ($260 million) donation earmarked for the sciences, energy, and other technologies from the estate...
The Shekel went back above the 4 to the USD mark last week.
In a rare move, the bank announced a plan to sell $30 billion to strengthen the shekel and have a positive effect on the...
The Bank of Israel even sold off $30 billion in foreign currency reserves to keep the situation from being worse.
At the same time, Prime Minister Benjamin Netanyahu privately told Moddy's he will only pass more judicial reforms with a broad consensus.
The New Israel Shekel continues to drop against the U.S. Dollar, breaking the 3.8 to the Dollar threshold over the weekend, its lowest rate...
Many link the drop in the Shekel against all major foreign currencies to the government's controversial judicial reform plan.
Goldman Sachs said the Israeli Shekel now reflects a risk premium due to the new judicial reforms being pushed through the Knesset by the...
As the Shekel continues to slide against major foreign currencies, financial experts are saying that it is only a matter of time now before...