Shekel needs no support

After Oct 7, the Bank of Israel planned to sell up to $30 billion in foreign currency to support the Shekel if Israel’s currency came under pressure. Confidence in Israel is so high that no sales have been necessary for several months and Israel’s currency reserves increased by over $700 million last month.

This entry was posted in Economy & Business. Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *