The Israeli shekel reached a new record-low against the US dollar today: $1 = NIS 4.473. Finance Ministry Director-General Ohad Marani said that he is not worried, and is even satisfied, with the rapidly rising exchange rate. Economists are saying that the new exchange rates are a more accurate reflection of the true value of the shekel.
In other economic news, Finance Minister Silvan Shalom said yesterday that there is a chance that the 2002 state budget will be presented to the Knesset for its second and third readings within the next two weeks.
In other economic news, Finance Minister Silvan Shalom said yesterday that there is a chance that the 2002 state budget will be presented to the Knesset for its second and third readings within the next two weeks.