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Foreign Exchange Market

5 stories about Foreign Exchange Market
דולר שקל מלחמת עזה שדרות חיילים צה"ל שוטרים חיפוש מחבלים מצבע חרבות ברזל

Sale of foreign currency by Bank of Israel fails to stop shekel devaluation, dollar hits 7-year high

09.10.23|Miki Greenfeld
The American currency jumped by more than 2% against the shekel after Hamas' murderous attack. The Bank of Israel unexpectedly announced the sale of $30 billion worth in foreign currency in an attempt to curb the sharp retreat in the shekel
אמיר ירון נגיד בנק ישראל

Bank of Israel to sell $30 billion of forex to stop shekel devaluation amid Gaza war

09.10.23|CTech and Reuters
"The bank will operate in the market during the coming period in order to moderate volatility in the shekel exchange rate and to provide the necessary liquidity for the continued proper functioning of the markets," the bank said in a statement
נגיד בנק ישראל פרופ' אמיר ירון ינואר 2020 1

Bank of Israel chief says it's ready to buy more than $30 billion of foreign currency to contain shekel’s strength

09.02.21|Reuters
The shekel gained some 8% against the dollar in 2019, and another 8% last year despite central bank foreign currency purchases of $21 billion
שקל שקלים דולר דולרים מטבע חוץ

The plummeting USD is taking the Israeli tech sector down with it

14.01.21|Adrian Filut and Naomi Zoreff
Industry leaders call on government to take action or risk Israeli companies seeking employees elsewhere
ניר זוהר נשיא וויקס Wix

Hurt by Strong Shekel, Israeli Tech Companies Lobby for Government Action

15.01.18|Adrian Filut
Over the weekend, the dollar traded at NIS 3.39, a more than 10% decrease over the past year