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Monday, October 16, 2023
Amid Gaza war, US dollar crosses 4-shekel mark for first time in 8 years
The US dollar is now worth 4 shekels for the first time since 2015.
The shekel’s devaluation comes against the backdrop of the war with terror groups in Gaza and despite the Bank of Israel’s announcement that it will sell $30 billion out of its reserves to prevent the shekel’s devaluation.