Exchange rate

Dollar-shekel exchange rate reaches NIS 3.1 for first time since April's strengthening round

The shekel reported a 1% rise during the last 24 hours, according to data by the Bank of Israel, reaching its highest point since April.

|ByTOBIAS HOLCMAN
New Israeli Shekel banknotes are seen in this picture illustration.
Iraqi dinar and US dollar banknotes are laid out on a table as members of the Shia Muslim community arrive at a centre in Iraq's southern city of Basra accepting charity donations to aid people affected by the ongoing war in Iran and Lebanon

Iraq considers currency overhaul to expose looted funds

"The decision will be made in the coming period, and it is hoped that the procedures will begin during 2027," a source in the Iraqi Prime Ministry.

|ByHUDHAIFA EBRAHIM/THE MEDIA LINE
New Israeli Shekel banknotes and coins, illustrative. November 9, 2021

Strong shekel squeezes Israeli high-tech as AI reshapes the industry - opinion

What appears from the outside to be a badge of economic excellence looks from within like a sharp cut in revenue: the dollars keep coming in, but once converted into shekels, they are worth far less.

|By RICKY MAMAN