Oct 21, 2023, 1:48 PM
Journalist ID: 1844
News ID: 85265661
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Israeli Shekel falls to lowest level over one decade

Oct 21, 2023, 1:48 PM
News ID: 85265661
Israeli Shekel falls to lowest level over one decade

Tehran, IRNA - The Israeli Shekel has fallen nearly %6 this month and experienced its lowest level in more than a decade on Friday.

Israeli regime is staring down a currency market that’s succumbing to fears over the nation’s intensifying war with Hamas, in a standoff with traders that could determine the course of monetary policy this year and beyond, Bloomberg reported cited by the IRNA on Saturday.

With interest rates now at their highest since 2006, the shekel’s trajectory will shape the central bank’s role in an economy shifting to a war footing and in need of stimulus, he added.

The currency is already among the world’s worst performers this month despite a $45 billion package of emergency measures rolled out by policymakers soon after the deadliest attack the country has suffered in decades, he noted.

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