Israeli denomination of home rentals in US dollars has decreased since January of this year, falling in line with Bank of Israel Governor Stanley Fischer's behest, despite a lack of legislation requiring rental in shekels.

Rental leases conducted in dollars fell from 85% in January to 68%.  This decline has become more pronounced as the dollar weakens against other global currencies.

Since January of 2006, the shekel has appreciated over 15% against the dollar.