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National Opportunity: Israel’s Treasury Expecting $5 Billion Surplus

By law, if a decision is not made by the end of the year, the surplus money will automatically go to finance the budget deficit – bringing it down to about 1.5 percent, 50 percent below the budget deficit target.

Stanley Fischer Announces Resignation From Federal Reserve

Fischer said he is stepping down for unspecified "personal reasons." His resignation is effective October 13.

Arrest in Bank Yahav Extortion Case

"The bank is taking stringent information security measures for its databases, and discovered no break-in involving them."

Bank of Israel Keeps Interest Rate at 0.1 Percent

“The Monetary Committee intends to maintain the accommodative policy as long as necessary in order to entrench the inflation environment within the target range. "

US Dollar Falls Below 3.5 Against Israeli Shekel

Since the beginning of this year, the dollar has dropped nine percent against the shekel.

Bank of Israel: Gemachim Need Not Report Up to $50 Million to IRS

The pressure applied by Knesset Finance Committee Chairman MK Moshe Gafni has worked, and The Bank of Israel has instructed the banks on granting exemptions to Gemachim from reporting to the US authorities to comply with the FATCA agreement.

Bank of Israel Keeps Interest Rate Unchanged in June

"Housing market data have indicated moderation in demand for homes... and continued decline in the flow of new mortgages taken out."

Bank of Israel Wins 2017 ‘Reserve Manager of the Year’ Award

Last year the Bank of Israel won Central Banking magazine's "Transparency Award."

IMF Report: Israel Enjoying Solid Economic Growth, Low Unemployment

Israel's economic growth is expected to hit 3.8% for 2016. Job creation is strong, at almost 3 percent in 2016 ( the US economy expanded at around 1.4% in 2016).

Bank of Israel Keeps Interest Rate Unchanged for January 2017

The financial front in Israel is generally looking good, and the Bank of Israel wants to keep it that way, so no changes in January.

Bank of Israel: No Changes in Interest Rate for December

Good news for families who are buying homes or refinancing: no change in the interest rate next month.

Bank of Israel to Purchase $1.5B in 2017

The Bank of Israel announces it will purchase $1.5 billion in 2017 to offset the effect of natural gas production.

BOI Keeps Interest Rate Unchanged for September

The Bank of Israel kept the interest rate unchanged for the month of September 2016.

Haredi Party Spearheading Effort to Protect Israeli Religious Charities from US Tax Authorities

Using the US' enormous economic clout, FATCA bullies the world's financial institutions into reporting on their American clients to Uncle Sam.

Is Jerusalem Truly Israel’s Capital?

Since the international community relies on the 1947 UN partition plan regarding the legal status of Jerusalem, it refuses to recognize Israeli sovereignty over any part of the city.

Bank Leumi to Cut 10 Percent of Work Force

Bank Leumi plans to cut ten percent of its work force in a five-year reorganization plan submitted to Bank of Israel.

Shekel-Dollar Rate Sinks after Interest Rate Left Unchanged

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...

Netanyahu, Kahlon Cut Taxes to Spur Sluggish Economy

Israel's sales and corporate taxes will be cut in order to spur a sluggish economy.

BFF

Finance Minister Moshe Kachlon and Bank of Israel Governor Karnit Flug met today to discuss Israeli banking.

Shekel-Dollar Rate Hits Three-Year High at 4.01

The dollar was trading at 4.01 shekels shortly before noon Friday, the highest rate since 2012. The Bank of Israel reported Friday that it bought $1...

Dollar-Shekel Rate Breaks 4.0 Barrier

This is the first time since 2012 that the dollar-shekel rate broke the 4.0 mark.

Bank of Israel Introduces New NIS 50 Note

The Bank of Israel has introduced a new fifty shekel note bearing the likeness of Russian-born Hebrew poet Shaul Tchernikovsky.

Bank of Israel May Pop the Bitcoin Bubble

Economics 101 teaches that “money is money because it is money,” but a bitcoin may not always be a bitcoin.

Obama Plans to Name Stanley Fischer as Vice Chairman of the Fed

The Obama administration is close to announcing that former Israel Bank Governor Stanley Fischer will take over the number two position at the Federal...

Karnit Flug Named as Governor of Bank of Israel

PM Netanyahu and Finance Minister Lapid announced that acting Bank of Israel Governor Karnit Flug will be appointed as the next governor. Flug will be...

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Printed from: http://www.jewishpress.com/news/politics/national-opportunity-israels-treasury-expecting-5-billion-surplus/2017/10/26/

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