After the intervention of the Bank of Israel in the foreign exchange market, the dollar traded today (Monday) for 3.87 NIS. The rate at which it traded before the outbreak of the war. The euro traded for 4.13 NIS, while before the war it traded for 4.07 shekels.
At its peak, the dollar stood at NIS 4.08. The euro peaked at NIS 4.32. Some of the actions that affected the drop in the dollar exchange rate are the actions of the governor of the Bank of Israel who announced at the outbreak of the war about the injection of dollars into the foreign exchange market worth 30 billion dollars. Last week the Bank of Israel announced that in the last month the bank sold approximately 8 billion dollars in order to reduce the devaluation of the shekel, which explains the recovery of the currency and the drop of the dollar.
This morning the Accountant General of the Treasury announced that, contrary to various publications, the Treasury did not request, did not take, and that the State of Israel has no intention of turning to the Bank of Israel for a loan request. The financing capabilities of the State of Israel allow the government to fully and optimally finance all its needs. The financing division in the Accountant General's Division will continue to operate through all channels in order to finance the government's activities, including all the needs arising from Operation Swords of Iron and the economic and civil aid to the home front.
