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The legislation continues and the economy collapses? The dollar broke through the NIS 3.7 barrier - voila! news


Against the background of the legal revolution and the legislative blitz that continues despite attempts at compromise, the dollar breaks through the NIS 3.70 barrier and reaches its highest rate in 4 years. The meaning, danger of price increase

Is the increase in price on the way?

The dollar breaks a 4-year record (Photo: Reuven Castro)

Is this what happens when economists' warnings are ignored?

While the blitz of legal legislation promoted by the coalition does not stop for a moment - despite the pleas of public figures and various compromises, it seems that the economy waits for no one: the dollar rate soars and breaks through the barrier of NIS 3.71 to the dollar, the highest rate in four years.

It should be noted that the increase in the dollar exchange rate is not only related to the political and constitutional uncertainty that began to seep into the economy as well - and in fact the dollar has been climbing over the past year, due to a combination of circumstances, but recently the increase has greatly accelerated.

A sharp increase in the dollar exchange rate could lead to a significant price increase just before Passover.

This is against the background of a continued increase in the cost of living.

As mentioned, this is the highest rate in more than four years - since January 5, 2019. At the same time, the euro rate also soars to a value of NIS 3.95, the most since January 2021.

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Source: walla

All news articles on 2023-03-20

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