Join our Community
Support ToI and remove all ads
Learn more

ISRAEL AT WAR - DAY 594

shekel

Illustrative photo of 200-shekel bills, February 7, 2016. (Nati Shohat/Flash90)
April 24, 2025, 6:38 pm
Bank of Israel rejects Sa’ar’s request to cancel NIS 200 bill as blow against Hamas
Foreign minister argues the move would ‘dramatically harm Hamas’s economic capacity,’ but bank says there’s no ‘well-founded professional justification’ for idea
By Lazar Berman
Palestinians queue to withdraw money from an ATM in the main market in Ramallah city in the West Bank on June 9, 2024. (Jaafar ASHTIYEH / AFP)
June 16, 2024, 8:27 am
Economically battered West Bank fears punitive steps by Smotrich
Finance minister has said he will sever key artery enabling transactions between Palestinian Authority and Israeli banking systems
By AFP and ToI Staff
Illustrative: New Israeli shekel bills, September 24, 2023. (Hadar Youavian/Flash90)
October 4, 2023, 1:28 pm
Shekel tumbles to 7-year-low of 3.87 against the dollar
Stocks also fall, as ex-finance minister Liberman blasts Netanyahu, Smotrich and Knesset finance panel chair for ignoring warnings of economic downturn
By ToI Staff
In this August 16, 2019, file photo, the logo for JPMorgan Chase & Co. appears above a trading post on the floor of the New York Stock Exchange in New York. (AP Photo/Richard Drew)
September 9, 2023, 6:10 pm
JPMorgan warns weakened shekel may be long-term trend as it decouples from US stocks
Leading US financial institution says it has ‘a bearish bias’ toward Israeli currency, warns ‘political risk is likely to remain elevated’ over government’s judicial overhaul
By ToI Staff
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
June 14, 2023, 8:45 pm
Shekel seesaws amid Knesset’s judicial selection drama
Currency regains earlier losses after opposition’s surprise win of seat on panel; Israeli shares close lower amid investor concern over ability to reach broad compromise
By Sharon Wrobel
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
June 7, 2023, 7:00 pm
Shekel returns to gains amid cautious market optimism over judicial compromise bid
Recent comments by government representatives and selection process of judicial panel bring some confidence back to Israeli markets, erasing most of the losses of the past 2 weeks
By Sharon Wrobel
View of the Tel Aviv Stock Exchange on November 29, 2020. (Miriam Alster/ Flash90/ File)
May 29, 2023, 10:16 pm
Renewed market concern over judicial overhaul weakens shekel, keeps rates high
Continued shekel weakness is expected to make imported goods, including food and travel abroad, more expensive; economists see borrowing costs rising to 5% in coming months
By Sharon Wrobel
The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)
March 27, 2023, 3:20 pm
Israeli shares rise and shekel gains in anticipation of pause to judicial overhaul
Stores, banks, and offices around the country begin to close, joining the nationwide strike against the government’s plans; Discount Bank warns of economic impact of unrest
By Sharon Wrobel
A stock market ticker in the lobby of the Tel Aviv Stock Exchange, March 15, 2020. (Flash90)
February 27, 2023, 1:47 pm
Goldman Sachs warns of continued shekel ‘risk’ premium driven by judicial turmoil
Since the end of January, the shekel has ‘significantly’ underperformed global markets; investment bank sees further weakness risk for the currency in short term
By Sharon Wrobel
Bank of Israel Governor Amir Yaron speaks during a press conference at the Bank of Israel in Jerusalem, January 2, 2023. (Yonatan Sindel/Flash90)
February 20, 2023, 6:47 pm
Battling inflation, Bank of Israel hikes interest rates to 4.25%, highest since 2008
Central bank lifts borrowing costs by 50 basis points citing inflation above 5%, shekel depreciation and concerns about fiscal expansion and wages
By Sharon Wrobel
Illustration photo of the new 100 Israeli Shekel bill. December 31, 2017. (Nati Shohat/Flash90)
November 28, 2021, 3:07 pm
Booming global markets kept shekel ‘too strong,’ says ex-Bank of Israel deputy head
Weakening of Israeli currency as markets react to Omicron variant shows strong link between shekel and global stocks, says Nadine Baudot-Trajtenberg
By Shoshanna Solomon
A stock market ticker in the lobby of the Tel Aviv Stock Exchange, March 15, 2020. (Flash90)
May 11, 2021, 4:16 pm
Israeli shares slide, shekel weakens as Gaza tensions soar
Mood in Tel Aviv Stock Exchange is also dampened by Monday’s US share slide; if fighting is prolonged then risk to market will increase in short term, Leumi economists say
By Shoshanna Solomon
Governor of the Bank of Israel Amir Yaron attends a press conference on March 31, 2019. (Yonatan Sindel/Flash90)
February 11, 2021, 4:08 pm
Central bank may go beyond $30 billion forex buy to tame mighty shekel
Bank of Israel head hints more spending may come after initial announcement of massive foreign currency purchase fails to curb shekel; bank is ‘fighting gravity,’ says top analyst
By Shoshanna Solomon
Governor of the Bank of Israel Amir Yaron attends a press conference on March 31, 2019. (Yonatan Sindel/Flash90)
January 14, 2021, 5:08 pm
Bank of Israel to buy $30 billion in forex in 2021 to curb shekel rise
In policy shift, central bank announces the scope of forex purchases, to provide market with certainty about its commitment to keep shekel appreciation in check
By Shoshanna Solomon
Illustrative photo of 200-shekel bills, February 7, 2016. (Nati Shohat/Flash90)
September 10, 2020, 2:52 pm
Why, amid collapsing economy wracked by COVID, is shekel near a 12-year high?
The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency’s strongest level since July 2008
By Shoshanna Solomon
Load More
Sign in or Join The Times of Israel Community
Paying ToI Community members are invited to comment on articles
Please use the following structure: example@domain.com
Or Continue with
By joining you agree to the terms and conditions
Register to continue
Or Continue with
Log in to continue
Sign in or Join The Times of Israel Community
Only ToI Community members can comment below articles
Forgot your password? / Send me a login link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.
Join The Times of Israel Community
Commenting is available for paying members of The Times of Israel Community only. Please join our Community to comment and enjoy other Community benefits.
Please use the following structure: example@domain.com
Confirm Mail
Thank you! Now check your email
You are now a member of The Times of Israel Community! We sent you an email with a login link to . Once you're set up, you can start enjoying Community benefits and commenting.
Never miss breaking news on Israel
Get notifications to stay updated
You're subscribed
image
Register for free
and continue reading
Registering allows you to manage your newsletters and alerts and helps us improve your experience. It takes just a few seconds.
Already registered? Enter your email to sign in.
Please use the following structure: example@domain.com
Or Continue with
By registering you agree to the terms and conditions. Once registered, you’ll receive our Daily Edition email for free.
Register to continue
Or Continue with
Log in to continue
Sign in or Register
I forgot my password / Send me a sign in link
Or Continue with
check your email
Check your email
We sent an email to you at .
It has a link that will sign you in.