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Bank of Israel unable to beat the shekel Despite foreign currency purchases of $17 billion this year, the shekel is at its strongest for 12 years. But that doesn t mean the Bank of Israel has failed. Almost every day the shekel is creating new records in its strength against the dollar and the basket of currencies that make up the nominal effective rate. This is happening even though the Bank of Israel has bought vast amounts of foreign currency in 2020 in its attempts to weaken the shekel. The $17 billion in foreign currency purchased by the Bank of Israel is the largest amount since 2009 when Stanley Fischer was the Governor.

United statesKarnit flugAmir yaronStanley fischerAvi simhonNational economic councilHas the bankGovernor amir yaronஒன்றுபட்டது மாநிலங்களில்அமீர் யாறோன்ஸ்டான்லி பிஷ்ஷர்தேசிய பொருளாதார சபைஉள்ளது தி வங்கிகவர்னர் அமீர் யாறோன்