Economy
Bank of Israel launches $1 billion currency intervention
Bank of Israel intervened in the foreign exchange market in June to counter excessive appreciation of the shekel, the country's national currency,…
📅 July 8, 2026, 14:28
shekel
The shekel is the official currency of Israel. This tag covers news about the Israeli shekel, exchange rates, economic policies, and currency market developments affecting the Middle East region.
Shekel
The shekel is the official currency of the State of Israel, currently denominated in the New Israeli Shekel (NIS). Introduced in 1980 to replace the old shekel at a rate of 1 to 1,000, the New Israeli Shekel has become the primary medium of exchange in Israeli economic life and an important indicator of the country's financial stability. The Central Bank of Israel manages monetary policy and currency circulation, influencing both domestic and regional economic conditions.
The shekel's value fluctuates in international currency markets, reflecting investor confidence in the Israeli economy, regional geopolitical developments, and global economic trends. Exchange rates against major currencies like the US dollar and euro are closely monitored by financial institutions, businesses, and governments across the Middle East and beyond. These movements have significant implications for trade, investment flows, and economic cooperation in the region.
On jnews.az, our Shekel section covers currency news, economic reports, exchange rates, and how developments in Israel's monetary policy impact regional stability and business relations. Readers will find analysis of financial trends, central bank decisions, and the broader economic context affecting Israeli society and its neighbors.