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Bank of Israel to Buy US Dollars
Reported: 00:30 AM - Mar/21/08
(IsraelNN.com) Bank of Israel officials announced Thursday that they would be purchasing United States dollars over the next two years, beginning next week. Israel will purchase $25 million a day for a total of $10 billion, they said.
News of the planned purchase caused the dollar to strengthen by 1.86 percent. The dollar closed at 3.443 NIS.
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