Four days ago, Salehabadi promised that Iran's currency would stabilize in the coming days.
Tying the Iraqi economy to the failing Iranian economy may have been a mistake.
If we didn’t understand the implications of the moment, or if we didn’t view them as monumental, they would pass as any other of millions of events we live through.
The new banknote bears a portrait of poet Nathan Alterman, replacing the red banknote that carries a picture of former President Zalman Shajar.
The shekel-dollar rate plummeted to 3.92 Thursday afternoon after the Bank of Israel announced it is leaving the interest rate unchanged next month. Before the announcement, the local currency traded above 3.95 shekels to the dollar on speculation that Bank would cut the rate which already is at a historic low of 0.1 percent. The […]
How low can you get? The shekel-dollar rate sank to a 28-month low Tuesday, and a dollar now is worth only a tad more than 3.46 shekels, compared with 3.50 shekels a week ago and 3.75 a year ago. A shekel now is worth 29 cents, compared with 25 cents a year ago. That means […]
The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September 2011. One shekel now is worth 28 cents. Analysts have pointed to the lack of certainty over who will replace Stanley Fischer as Governor of the Bank of Israel, but the […]
By Rafi Farber
We would see a massive transfer of wealth away from the banks and the government and the stock market and real estate which will all crash and back to the wage earning middle class who would then be earning gold.