Shekel stable despite lingering global woes

May 10, 2012 17:06


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


The shekel remained stable against the dollar and euro in inter-bank trading Thursday as global woes persist due to the deepening debt crisis in Europe. The shekel-dollar exchange rate rose 0.12% Thursday morning, compared with Wednesday's representative rate, to NIS 3.82/$, and the shekel-euro exchange rate rose 0.04% to NIS 4.951/€.

On global markets the dollar was trading against the euro at $1.294/€ and against the Japanese yen at ¥79.77/$.

On Wednesday, the Bank of Israel responded to the lowering of Israel's banking outlook from "Stable" to "Negative" by Moody's, stressing that most of the factors cited by the international ratings agency are known and "have even been noted by the Bank of Israel on various occasions in the past as risk factors and challenges facing Israel's banking system."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
November 16, 2018
Trump says he 'easily' answered Mueller's Russia probe questions