Shekel falls to rate of 3.7 against the dollar

Israeli shekels, Jerusalem. (Orel Cohen/ Flash90)
Israeli shekels, Jerusalem. (Orel Cohen/ Flash90)

The shekel fell further today to a rate of 3.7 against the dollar, its weakest showing in some four years, as the government continues to advance its plans to curb the judiciary.

Yossi Freiman, CEO of the Prico and Freiman Holdings Group, tells The Marker that his financial company expects the currency to drop further if legislation continues.

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