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foreign currency

A. Grebelsky & Son Jerusalem limestone factory at the Har Tuv industrial zone near Beit Shemesh. (Courtesy)
April 26, 2026, 4:19 pm
Brawny shekel threatens to knock out exporters, tech firms dependent on almighty dollar
As exchange rate dives below NIS 3 to the greenback, companies paid in US currency say without government help they will have to cut costs, fire workers and could move elsewhere
By Sharon Wrobel
Iranian banknotes are displayed by a street money exchanger at Ferdowsi square, Tehran's go-to venue for foreign currency exchange, in downtown Tehran, Iran, December 18, 2024. (AP Photo/Vahid Salemi)
December 18, 2024, 7:44 pm
Iranian rial falls to record low amid war, energy crisis, and anticipation of Trump
Currency’s value has dropped more than 10% since US election, while an energy crisis at home, exacerbated by sanctions, shutters schools and government offices amid cold winter
By Agencies and ToI Staff
Israeli shekels, Jerusalem. (Orel Cohen/ Flash90)
October 9, 2023, 12:28 pm
Bank of Israel to sell $30 billion to stop shekel collapse during Gaza war
Central bank says will operate in market in order to ‘moderate volatility’ in shekel exchange rate, will also provide dollar liquidity through SWAP mechanisms of up to $15 billion
By Sharon Wrobel
UK-based fintech Paysend partners with Israeli-Swiss fintech firm Okoora to serve local market. (Courtesy)
August 7, 2023, 11:12 pm
UK’s Paysend partners with Israeli fintech Okoora to expand in local market
Using Okoora’s currency management platform, Paysend seeks to tap into growing market for cross-border transactions, as Israelis are increasingly transferring funds abroad
By Sharon Wrobel
Two new coins bearing the official coinage portrait of King Charles III, on the left is the new 50 pence coin, and right is the new 5 pound commemorative coin, which will be among the first coins to bear the new king's head, during a press preview in London, September 29, 2022. (AP Photo/Alastair Grant)
September 30, 2022, 11:18 am
First coins depicting King Charles III unveiled by UK Royal Mint
Mint has depicted Britain’s royal family on coins for over 1,100 years since Alfred the Great; new monarch’s effigy faces to the left, opposite direction of his mother
By AP
A food delivery man leaves an exchange office with screen showing the currency exchange rates of US dollar and euro to Russian rubles in Moscow, Russia, Feb. 24, 2022. (Alexander Zemlianichenko Jr/AP)
February 28, 2022, 11:25 am
Ruble tumbles, European branch of Russian bank predicted to fail as sanctions bite
Russian central bank moves to stem plunge in currency; Moscow forex exchange to open late amid turmoil; Austria’s Financial Market Authority imposes moratorium on Sberbank Europe
By Agencies and ToI Staff
Illustrative: Dollars and shekels. (Olivier Fitoussi/Flash90)
January 6, 2021, 1:04 pm
Dollar rate drops to NIS 3.19, its lowest value in 24 years
US currency has slipped consistently over the past 2 weeks, reportedly amid expectation that Democrats will take control of the Senate and increase welfare handouts
By ToI Staff
Illustrative photo of Israeli shekels. (Sophie Gordon/Flash90)
From the WebApril 28, 2020, 5:44 pm
Bank of Israel resumes foreign currency purchases to weaken shekel
Globes: Bank of Israel said to have purchased unknown amount of foreign currency Tuesday morning when shekel-dollar exchange rate fell below NIS 3.50/$
An Israeli woman wears a face mask for fear of the coronavirus while shopping in Ramle, March 19, 2020. (Yossi Aloni/Flash90)
March 19, 2020, 8:12 pm
Tel Aviv Stock Exchange jumps, shekel gains ground following bank intervention
Unemployment hits historic highs, with up to 7,000 Israelis filing per hour; S&P global rating agency predicts global recession, but says Israel on good footing
By Luke Tress
An Iranian street money exchanger holds US banknote in downtown Tehran, Iran, July 30, 2018 (AP Photo/Vahid Salemi)
August 6, 2018, 3:08 pm
Bracing for US sanctions, Iran lifts ban on exchange offices
Central Bank relaxes currency laws in effort to buoy the rial hours before Trump administration to re-impose economic embargo
By Nasser Karimi
Iranian and US banknotes on display at a currency exchange shop in downtown Tehran, Iran, on April 4, 2015. (Vahid Salemi/AP)
July 30, 2018, 4:07 am
​Iran’s rial hits record-low of 100,000 to the dollar
With expected return of full US sanctions, the Islamic Republic’s official currency has lost half its value in just four months
By AFP
Bank of Israel governor Karnit Flug (Photo credit: Yonatan Sindel/Flash90)
From the WebJanuary 17, 2018, 1:14 pm
Bank of Israel weakens shekel with foreign currency purchases
Globes: Shekel weakens sharply against dollar and euro on Wednesday after central bank bought large sums of foreign currency on Tuesday
Bank of Israel Governor Karnit Flug speaks during a press conference in Jerusalem on March 31, 2015. (Yonatan Sindel/Flash90)
March 19, 2017, 1:46 pm
Bank of Israel forex buying slows shekel’s gains, study shows
Every $100 million purchased by the central bank led to depreciation of 0.07–0.09 percent from 2009 to 2015
By Shoshanna Solomon
Finance Minister Moshe Kahlon (right) with Bank of Israel Governor Karnit Flug, June 3, 2015. (Yonatan Sindel/Flash90)
February 5, 2017, 4:55 pm
Bank of Israel chief says don’t cut taxes, raise services
Karnit Flug laments low rate of social spending, significantly under OECD average
By Shoshanna Solomon
Illustrative image of bitcoins (Courtesy BitsofGold)
July 6, 2015, 11:16 pm
Think bitcoin is dead? Here’s why it’s making a comeback
Since the digital currency crashed in early 2014, consumers have been leery. So why is Israel’s bitcoin community growing, and why are venture capitalists investing in it like crazy?
By Simona Weinglass
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