Shekel

By Stephen Sher JERUSALEM (Reuters) - The Bank of Israel remains committed to its plans to issue a digital currency to improve Israel’s payments system and boost innovation, but it is unlikely to launch it before other advanced economies.…

Growing fears of an escalation in the confrontation between Israel and Hezbollah in Lebanon have increased pressure on Israeli government bonds. Yields on long-term government bonds have risen in recent days, reflecting…

The Monetary Committee of the Bank of Israel will announce its fifth interest rate decision this year on Monday. Since January, when the rate was cut by 0.25% to 4.5%, the Monetary Committee has refrained from…

The shekel is falling against the US dollar today and is stable against the euro, at its lowest level against the dollar since April. In afternoon interbank trading, the shekel rose against the dollar by 0.37% to reach…

The foreign exchange market in Israel has witnessed severe fluctuations over the past eighteen months, due to political uncertainty in Israel and then the war. The shekel, whose value had already fallen dramatically…

Source: Coin Journal In a strategic move to revolutionize the financial landscape, the Bank of Israel is moving forward with the development of the central bank digital currency (CBDC), the digital shekel.…

The shekel is gaining strength today against the US dollar and the euro, and is at its strongest levels against the dollar since early April. In the afternoon interbank session, the shekel was down 0.73% against the…

UBS expects the value of the Israeli shekel to rise against the US dollar, anticipating a decrease in the geopolitical risk premium.The shekel briefly surpassed 3.80 against the dollar due to recent tensions between Iran and Israel, as well…

The shekel is strengthening considerably against the US dollar. The shekel-dollar rate is currently 3.7612/$, down 1.49% from the representative rate of NIS 3.818 set last Friday. The main reason for the fall in the…

The shekel has been weakening today against the world's major currencies in volatile trading. This afternoon the Bank of Israel set the shekel-dollar exchange rate up 0.913% at NIS 3.794/$ and set the shekel-euro rate…