July 04, 2016 BY Valentina Kirilova
Why is Bank of Israel buying hundreds of millions of dollars?
The shekel continued to strengthen for a fifth straight session and there's a dealers' rumor that The Bank of Israel bought hundreds of millions of dollars of foreign currency on Monday. One dealer at an Israeli bank said the central bank started buying at a dollar-shekel rate of around 3.84. The dollar-shekel exchange rate rapidly moved…
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