News Briefs

  7/16/2012, Tammuz 26, 5772

Bank of Israel: Profits of Billions as $ Nears NIS 4

Bank of Israel Governor Stanley Fischer is laughing all the way to the bank. Critics scoffed two years ago as he bought dollars when there were 3.30 shekels to the greenback. Today it is one penny under NIS 4 per dollar.