Israeli shekel at one-year low against dollar

There have been significant changes to Israeli monetary policy recently, including the addition of the Chinese yuan to the country’s reserves.
Uriel Sinai/Getty Images
A woman wears a 100-shekel banknote on her forehead during a protest against rising housing prices and social inequalities on July 23, 2011 in Tel Aviv, Israel. - Uriel Sinai/Getty Images
AdamLucente.jpg
Adam Lucente
@Adam_Lucente

Israel’s currency is currently at its weakest position in a year against the US dollar. 

The new Israeli shekel’s exchange rate was 3.31 to $1 yesterday. It was the weakest point since the start of April 2021, when it traded at 3.34 shekels to the dollar, according to the currency converter Xe.com. 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.

Subscribe

Only $100 per year.

Videos

See more