Blogs
- Two Heads Are Better Than OneThe Eye of the Storm
- The Flyer is More Than "Fishy". It StinksFrom the Hills of Efraim
Check It Out
Arutz 7 TV
Reported
Fischer's Buying Binge Boosts Shekel-Dollar Rate
(IsraelNN.com) The shekel-dollar rate soared to 3.567 Thursday morning as the Bank of Israel carries out its plan to buy $25 million worth of dollars every day for the next two years. Bank Governor Prof. Stanley Fischer announced the move in order to weaken the shekel, whose strength is hurting exports.
The shekel-dollar rate last month traded near the 3.35 level, the lowest in 11 years, continuing a rise of more than 20 percent in the past two years.
© A7 Syndications - This article may not be republished freely. Written and oral arrangements prior to April, 2007 must be reconfirmed. If you are republishing A7 material, please contact us promptly.
News Briefs
