Israel's central bank announces it will sell $30 billion in foreign currency, exchange rate falls to 7-year low
Hawk_Finance
2023-10-10 17:51:10
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It was reported on October 9 that the Bank of Israel said it would sell up to $30 billion in foreign currency to support its local currency, the shekel.。Shekel plunges after Hamas surprise attack on Israel。The Bank of Israel said in a statement on its website: "For some time to come, the central bank will operate in the market to moderate the volatility of the shekel exchange rate and provide the necessary liquidity for the continued normal operation of the market.。In addition to the $30 billion, the Bank of Israel said it would provide up to $15 billion in liquidity to the market through a swap mechanism.。The shekel fell 1 on the 9th..2%, down to 1 to 3.9011 shekels, the lowest level in seven years。
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