Although the U.S. dollar rallied somewhat against the shekel on Monday morning—hitting NIS 3.426 after plummeting to NIS 3.23 on Friday—the current exchange rate marks the lowest point for the United States currency since 1996.

The euro also dropped and was trading at 3.955 against the shekel.

The Bank of Israel has stepped up its acquisition of USD since November, in an attempt to stem the decline in the demand for the dollar.

This article first appeared in Israel Hayom.

JNS

Support
Jewish News Syndicate


With geographic, political and social divides growing wider, high-quality reporting and informed analysis are more important than ever to keep people connected.

Our ability to cover the most important issues in Israel and throughout the Jewish world—without the standard media bias—depends on the support of committed readers.

If you appreciate the value of our news service and recognize how JNS stands out among the competition, please click on the link and make a one-time or monthly contribution.

We appreciate your support.