shekel

The Tel Aviv Stock Exchange, in the center of Tel Aviv, December 25, 2018. (Adam Shuldman/Flash90)

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

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

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

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

Illustration photo of the new 100 Israeli Shekel bill. December 31, 2017. (Nati Shohat/Flash90)

November 28, 2021, 3:07 pm

Booming global markets kept shekel ‘too strong,’ says ex-Bank of Israel deputy head

Weakening of Israeli currency as markets react to Omicron variant shows strong link between shekel and global stocks, says Nadine Baudot-Trajtenberg

By Shoshanna Solomon

May 11, 2021, 4:16 pm

Israeli shares slide, shekel weakens as Gaza tensions soar

Mood in Tel Aviv Stock Exchange is also dampened by Monday’s US share slide; if fighting is prolonged then risk to market will increase in short term, Leumi economists say

By Shoshanna Solomon

Governor of the Bank of Israel Amir Yaron attends a press conference on March 31, 2019. (Yonatan Sindel/Flash90)

February 11, 2021, 4:08 pm

Central bank may go beyond $30 billion forex buy to tame mighty shekel

Bank of Israel head hints more spending may come after initial announcement of massive foreign currency purchase fails to curb shekel; bank is ‘fighting gravity,’ says top analyst

By Shoshanna Solomon

January 14, 2021, 5:08 pm

Bank of Israel to buy $30 billion in forex in 2021 to curb shekel rise

In policy shift, central bank announces the scope of forex purchases, to provide market with certainty about its commitment to keep shekel appreciation in check

By Shoshanna Solomon

Illustrative photo of 200 new Israeli shekel bills, February 7, 2016. (Nati Shohat/Flash90)

September 10, 2020, 2:52 pm

Why, amid collapsing economy wracked by COVID, is shekel near a 12-year high?

The shekel-dollar rate went below psychological threshold of NIS 3.40 to the dollar on September 1, the Israeli currency’s strongest level since July 2008

By Shoshanna Solomon

Illustrative photo of Israeli shekels. (Sophie Gordon/Flash90)

From the WebApril 28, 2020, 5:44 pm

Bank of Israel resumes foreign currency purchases to weaken shekel

Globes: Bank of Israel said to have purchased unknown amount of foreign currency Tuesday morning when shekel-dollar exchange rate fell below NIS 3.50/$

Bank of Israel governor Karnit Flug (Photo credit: Yonatan Sindel/Flash90)

From the WebJanuary 17, 2018, 1:14 pm

Bank of Israel weakens shekel with foreign currency purchases

Globes: Shekel weakens sharply against dollar and euro on Wednesday after central bank bought large sums of foreign currency on Tuesday

Bank of Israel Governor Karnit Flug speaks during a press conference in Jerusalem on March 31, 2015. (Yonatan Sindel/Flash90)

March 19, 2017, 1:46 pm

Bank of Israel forex buying slows shekel’s gains, study shows

Every $100 million purchased by the central bank led to depreciation of 0.07–0.09 percent from 2009 to 2015

By Shoshanna Solomon

Finance Minister Moshe Kahlon (right) with Bank of Israel Governor Karnit Flug, June 3, 2015. (Yonatan Sindel/Flash90)

February 5, 2017, 4:55 pm

Bank of Israel chief says don’t cut taxes, raise services

Karnit Flug laments low rate of social spending, significantly under OECD average

By Shoshanna Solomon