Publish Date: 22 August 2023 - 23:33

Tehran, IRNA – Zionist currency of Shekel has dropped to its lowest against the US dollar since 2017, according to an Al Mayadeen report.

The report said that the devaluation of Shekel has occurred due to the policies taken by the radical right cabinet of the Zionist regime.

In August Shekel fell to 3.8 against the USD.

Shekel’s devaluation has also reportedly caused increases in the prices of imported products such as cars and electric home appliances.

Analysts believe that the drop of the Zionist currency is a result of concerns about a continued political chaos which followed a controversial cabinet bill for judicial reforms.

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