Dollar vs. Shekel (Photo: Reuven Castro)
The state budget was approved tonight (between Tuesday and Wednesday), while at the same time the shekel continued to weaken against the dollar, which rose to NIS 3.73, its highest since December 2018.
The dollar exchange rate has been stable in recent years, around NIS 3.3-3.5. Starting in January, with the beginning of the legal revolution, it jumped and exceeded NIS 3.6. Today it crossed NIS 3.7, also due to statements made by IDF Chief of Staff Herzi Halevy about the possibility of war with Iran.
The significance of the rise of the dollar and the weakening of the shekel is, of course, an increase in the prices of products abroad, an increase in the cost of travel, and an increase in the prices of imported products. The market will continue to closely monitor developments with the talks at the President's House on the legal revolution.
- money
- Our Money
Tags
- State budget
- USD rate