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Israeli Shekel Hits Seven-Year Low, TASE Tests 2021 Levels after Hamas Attack

The stock index that includes the largest domestic companies has plummeted to over two-year lows, and the currency has weakened to its lowest point in seven years. These are the market repercussions of the unexpected terrorist attack from Hamas on Israeli civilians that occurred this weekend. The Bank of Israel has initiated the sale of $45 billion in foreign currency reserves to manage the situation and curb the depreciation of the shekel (ILS).Largest Fluctuation in Israeli Currency in 20 Year... Read More

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Israeli

Shekel

Hits

Seven

Year

Low

Tase

Tests

2021

Levels

Seven year

Attack

Forex

Posted: Oct 12 2023, 06:38

Author Name: financemagnates

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