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Bank of Israel buying ‘hundreds of millions’ of dollars: sources
July 4, 2016 by publisher · Leave a Comment
The Bank of Israel bought “hundreds of millions” of dollars of foreign currency on Monday, dealers said, after the shekel continued to strengthen for a fifth straight session. Its move came after financial newspaper TheMarker reported that the bank's intervention policy had come under fire by Prime Minister Benjamin Netanyahu's chief economics advisor, Avi Simhon, who was quoted as saying that intervention was tantamount to a protective tariff that raises prices for consumers by deterring import competition. The Bank of Israel has been …
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Bank of Israel buying ‘hundreds of millions’ of dollars: sources