NEWS

Shekel Climbs, Profits Drop: What’s Next for Israeli Exporters if Bank of Israel Stays Idle?


Israeli exports will fall by 31 billion shekels ($10 billion) in the coming year and government tax revenues will drop by more than three billion if nothing is done to stem the continued strengthening of the shekel, Manufacturers Association President Abraham Novogrodsky warned this week in a letter to Amir Yaron, the president of the Bank of Israel.




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