Israel s currency devalues by 8 3 pct in less than 2 months-Xinhua chinaview.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinaview.cn Daily Mail and Mail on Sunday newspapers.
JERUSALEM, March 20 (Xinhua) The value of Israel's currency shekel on Monday continued its downward trend, shedding 8.3 percent of its value against the U.S. dollar in less than two months.
Hachshara Insurance chief investment manager Roi Kadosh: When the interest rate is raised, we would expect the shekel to strengthen, and we are seeing the opposite.