The dollar today (Monday) traded for the first time since 1996 below NIS 3.1 per dollar.
In the continuous trading phase, it fell by 0.77% in the afternoon to a rate of 3.0194. The Bank of Israel has been pursuing a new policy since the end of October and has refrained from interfering in trading.
At the press conference before the transfer of the budget, the Governor of the Bank of Israel, Prof. Amir Yaron, said that now the picture of the economy is completely different from last year, ie the situation is more positive.
>> Experts estimate: The shekel is on its way to becoming the strongest currency in the world <<
Therefore, the Governor of the Bank of Israel, like the other governors in the Western world, is now more afraid of inflation.
The strengthening of the shekel supports a moderation of the effects of inflation, so that it converges to the target range - 1% -3%.
During trading, the euro also weakened more than half a percent against the shekel and fell below the support line of NIS 3.6 per euro and traded around NIS 3,583 per euro.