News Brief

(IsraelNN.com) The Bank of Israel is considering adjusting its current policy of daily dollar purchases given the shekel's recent strengthening against the dollar. The shekel dollar exchange rate fell to NIS 3.96/$ on Friday after beginning the month at NIS 4.16/$.

Current policy calls for purchasing $100 million each day between Monday and Thursday. The bank is now considering slowing buying to "an average" of $100 million per day. The change would mean that on some days hundreds of millions of dollars are purchased, while none on other days.