Publishing date: Jan 25, 2021 • January 25, 2021 • 4 minute read •
Article content
JERUSALEM/LONDON — The Bank of Israel spent $21 billion to try to stop the shekel’s steep appreciation in 2020, with little success. How about $30 billion in 2021?
That’s the paramount question for the central bank as it steps up its seemingly never-ending battle against huge foreign inflows and a host of other factors boosting a shekel that is increasingly hurting exporters at a time when the economy is already struggling from the coronavirus pandemic.
We apologize, but this video has failed to load.
Try refreshing your browser, or
Bank of Israel vs the FX market: Can $30 billion stem the shekel's ascent? Back to video