web analytics
October 23, 2014 / 29 Tishri, 5775
At a Glance
News & Views
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



Easing of Fears of Attack in Syria Sinks Shekel-Dollar Rate

The shekel-dollar rate sank to a two-year low Wednesday, reaching to as low as under 3.56 shekels to the dollar, after President Barack Obama called off a Senate vote on giving him permission to attack Syria. One shekel now is worth slightly more than 28 cents, good news for Israelis wanting dollars but terrible for exporters and Americans in Israel whose savings or wages are in dollars.

Last week, when it seemed certain that the United States would attack Syria, the rate was more than 3.66 shekels to the dollar.

Analysts expect the Bank of Israel to buy more dollars to jack up the rate if it falls much lower, but similar measures in the past have proven to have little long-term effect. The rate may move back up because of renewed strength in the American dollar worldwide.

However, the shekel  is expected to grow stronger  in the long term because of an improving economy, reduction of the deficit and the continuing development of the new offshore energy industry that is turning Israel into an energy exporter.

About the Author: JewishPress.com brings you the latest in Jewish news from around the world. Stay up to date by following up on Facebook and Twitter. Do you have something noteworthy to report? Submit your news story to us here.


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Easing of Fears of Attack in Syria Sinks Shekel-Dollar Rate”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Arabs burn tires in Shuafat neighborhood of Jerusalem.
Arab Violence in Jerusalem Forces Police to Return Law and Order
Latest News Stories
The scene after tractor attacked bus in Jerusalem in early August

Terror? Of course not. The Arab driver lost control of his steam shovel after being prematurely shot.

Arabs burn tires in Shuafat neighborhood of Jerusalem.

The first intifada began with Ishmael 3,500 years ago and never ended.

Chaye Zissel Braun Grave

The funeral for Chaye Zisel Braun began at midnight Wednesday night.

Al-Shaloudi was the nephew of the former Hamas chief and bombmaker Mohiyedine Sharif.

Arab media describes Hamas vehicular terrorist attack as ‘Palestinian ‘shot dead’ by Israeli police.’

Police tried to reach the home of the driver in Wednesday’s attack.

Hundreds of Jewish leaders from around the world who are part of the Jewish Agency for Israel Board of Governor will convene in Ashkelon, one of Hamas favorite targets for rockets and missiles, next week. The Board had been set to meet in Mexico as part of its annual rotation amongst the world’s Jewish communities, […]

With all due respect to the IDF, since when is drug smuggling not linked to terror?

A demonstration by 10,000 in Isfahan for women’s rights has morphed into a protest against Iran’s regime.

Syria says it bombed the jets as they were landing in Aleppo.

The baby that was injured in the suspected terror attack this evening died in the hospital.

The train company’s video of the event in Jerusalem that left 8 people injured.

Haifa-based Elbit Systems won an $88 million from an unnamed Asian country for various projects, most of them for an F-5 aircraft avionics upgrade program and the supply of electro-optic and communications systems, Elbit announced Wednesday. The F-5 fighter jet has been in operation for more than 40 years four decades, and is used by […]

Wouldn’t be a lot easier if fanatic Haredim would simply charter their own planes?

More Articles from Jewish Press News Briefs
Chaye Zissel Braun Grave

The funeral for Chaye Zisel Braun began at midnight Wednesday night.

Al-Shaloudi was the nephew of the former Hamas chief and bombmaker Mohiyedine Sharif.

Police tried to reach the home of the driver in Wednesday’s attack.

Hundreds of Jewish leaders from around the world who are part of the Jewish Agency for Israel Board of Governor will convene in Ashkelon, one of Hamas favorite targets for rockets and missiles, next week. The Board had been set to meet in Mexico as part of its annual rotation amongst the world’s Jewish communities, […]

Syria says it bombed the jets as they were landing in Aleppo.

The baby that was injured in the suspected terror attack this evening died in the hospital.

The train company’s video of the event in Jerusalem that left 8 people injured.

Printed from: http://www.jewishpress.com/news/breaking-news/easing-of-fears-of-attack-in-syria-sinks-shekel-dollar-rate/2013/09/11/

Scan this QR code to visit this page online: