Israel
Bank of Israel to sell foreign exchange for first time in wake of Hamas attacks
In a statement, the bank said its goal is to smooth out volatility in the shekel’s exchange rate
The Bank of Israel plans to sell foreign exchange for the first time, and supply dollar liquidity to local lenders, as part of an unprecedented programme to support markets following the surprise attack by Hamas militants.
The central bank will sell as much as $30 billion and extend up to $15 billion through swap mechanisms, according to a statement on Monday. The goal of operating in the market during the coming period is to smooth ...
