BREAKING NEWS

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

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.
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