Shekel

Israel-Hamas war doubles Israel's debt raising in 2023

The outbreak of the Israel-Hamas war in October led to a doubling of Israel's borrowing in the past year, with the state raising 160 billion shekels in debt.

By REUTERS
15/04/2024

The price of the Gaza war: How much will Israelis pay for more soldiers?

The study found that higher economic costs stemmed from reserve duty rather than regular service.

20/03/2024

Shekel drops as Hezbollah hits North

Israel's uncertain security situation and the threat of war in the north was part of Moody's downgrade of the country's credit rating last month.

12/03/2024

Two Israelis win NIS 9 million in latest lottery draw

The draw saw a lottery ticket and a double lottery ticket, both purchased by the couple, winning the first and second prizes.

The shekel is getting stronger, but for the wrong reasons

The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.

Inflation in Israel works its way down as interest rate cut looms

As the shekel begins a climb from recent lows, analysts anticipate interest cuts upcoming, even as early as the end of November.

Israel markets sink, businesses shut after Hamas attack

Factories are still operating to limit concerns over scarcity of essentials

By REUTERS
08/10/2023

Shekel sinks to weakest against dollar since 2016

The rate was set at 3.861 after the dollar gained strength globally.

Israel develops new 'bitcoin' currency (Illustrative)

Israel central bank says digital shekel launch an 'open question'

Israel's central bank has been experimenting with a digital shekel with its Hong Kong counterpart and the Bank for International Settlements.

By REUTERS
12/09/2023

Israeli shekel sees 10.34% decline vs. USD since 2023 - new research

In spite of this data, Finance Minister Bezalel Smotrich said, "Israeli economy is showing relative resilience and stability."

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