Economics, Currency

Calcalist: Dollar drops to 3.59 NIS, Euro to 3.88 NIS

Meanwhile, JP Morgan informed its clients that the Bank of Israel maintained the current interest rate due to the government's expansionary budget policy.

Shekel rises against the dollar. (Photo: Igal Vaisman/Shutterstock)

According to Calcalist, the dollar reached its lowest exchange rate with the shekel since July 2023, and is now worth 3.585 NIS. The Euro has also dropped against the shekel to 3.88 NIS.

Meanwhile, JP Morgan informed its clients that the Bank of Israel's decision to maintain the current interest rate was due to the Israeli government's expansionary budget policy, driven by the rising cost and needs of the war.

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