Bank of Israel buys foreign currency to weaken shekel
The Bank of Israel ended May with record foreign exchange reserves after intervening to purchase foreign currency. ...
Saturday, August 8, 2026
Tag: Shekel
Yaron hints at faster rate cuts if shekel keeps strengthening
Governor of the Bank of Israel Amir Yaron told the Eli Hurvitz Conference that the shekel's appreciation could depress inflation, ...
Nvidia, Google ask to pay Israel taxes in dollars as shekel gains
The strengthening of the shekel against the US dollar has been a major blow to Israel’s tech export industry. ...
As shekel gains, moneychangers run out of foreign currency
The combination of the US dollar's slump against the shekel and weeks of war has led to an acute ...
Thu: Reports of US-Iran MOU further boost shekel
The main indices on the Tel Aviv Stock Exchange fell today. The Tel Aviv 35 Index fell 1.02%, to ...
Wix CEO blames strong shekel for layoffs
Wix CEO Avishai Abrahami wrote to the company’s employees today, "Today is a sad day for me. We have ...
Shekel appreciation continues unchecked – Globes
The shekel continues to strengthen to levels not seen since for decades against the world’s major currencies. Yesterday the ...
Shekel gains sharply despite interest rate cut
Whoever thought that the Bank of Israel’s decision to cut the interest rate would halt the appreciation of the ...
BoI governor: The strong shekel is moderating inflation
Governor of the Bank of Israel Amir Yaron spoke to "Globes" following the announcement by the bank that its ...
Strong shekel pushes companies overseas
Over the years, many Israeli companies have transferred part of their activities overseas, in order to save costs or ...
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