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shekel

Illustrative: A largely empty pedestrian mall in central Jerusalem on August 2, 2026. (Yonatan Sindel/Flash90)
September 1, 2026, 8:54 pm
Bank of Israel slashes rates to four-year low to bolster postwar economic rebound
Central bank cuts borrowing costs to 3.25%, warning of only partial recovery; manufacturers accuse Governor Yaron of doing too little too late, as strong shekel batters exporters
By Sharon Wrobel
An El Al plane takes off at the Ben Gurion International Airport, outside of Tel Aviv, August 4, 2026. (Yossi Aloni/Flash90)
August 5, 2026, 9:19 pm
El Al profit doubles as many major foreign airlines steer clear after Iran war
Flagship carrier capitalizes on dominant position and peak demand, fueling ‘outrageous’ prices as international carriers stay away
By Sharon Wrobel
Fiverr employees at work in its Tel Aviv offices, August 6, 2017 (Shoshanna Solomon/Times of Israel)
July 3, 2026, 12:53 am
Strong shekel makes Israeli tech workers pricier than their US counterparts, study shows
Lobby of Israeli tech firms warns that local tech talent is losing its competitive edge, as higher salary costs due to the strong shekel threaten to drive out future innovation
By Sharon Wrobel
Tel Aviv's financial business district skyline, June 2022. (Elijah Lovkoff via iStock by Getty Images)
July 1, 2026, 10:20 pm
Israel ranks 18th in global wealth list as 8,800 Israelis become new millionaires
UBS report finds Israel is home to 195,000 millionaires at the end of 2025, an increase of 4.7% over 2024; while average wealth rose, inequality has deepened ⁠since 2020
By Sharon Wrobel
Finance Minister Bezalel Smotrich attends a Finance Committee meeting at the Knesset in Jerusalem on May 26, 2026. (Yonatan Sindel/Flash90)
June 3, 2026, 9:57 pm
Smotrich instructs ministry to build task force to help tech firms with shekel surge
Amid wave of mass layoffs, Finance Ministry officials meet with tech reps, insist that government won’t directly intervene to stabilize currency and instead look to limit damage
By ToI Staff
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 wait in line 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
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