Bank of Israel to stop daily 100-million-dollar purchases

By JPOST.COM STAFF
August 10, 2009 15:42

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The Bank of Israel will stop the daily purchases of 100 million dollars which began in July 2008, BoI Governor Stanley Fischer announced Monday. Fischer said that from now on, the BoI would only intervene in foreign currency exchange on a selective basis, and only in cases of sharp drops in the price of the dollar. Following the announcement, the price of the dollar against the shekel went down to NIS 3.88.

Related Content

Breaking news
August 21, 2018
Bahrain says stops issuing visas for Qatari nationals

By REUTERS