Gad lior - Latest News Update, Information, Photos & Videos on Gad lior at Lokmat Times

Tel Aviv, Jan 14 The Israeli shekel has increased to its highest rate since April 1996 against the US dollar, according to exchange rates issued by the country's central bank.The Israeli currency's exchange rate against the US dollar was set at 3.134 shekels for $1, lowest since April 9, 1996, when a rate of 3.131 was set, reports Xinhua news agency.This is the 17th daily decline of the dollar against the shekel in the last 20 trading days.Since the beginning of 2021, the dollar has fallen by 2.25 per cent against the shekel, and since the beginning of 2020 has completed a fall of 9.21 per cent.Gad Lior, senior analyst for Yedioth Ahronoth daily newspaper, told Xinhua that the jump in the shekel against the dollar is explained by a surplus in Israel's balance of payments, a large amount of dollars entering Israel from natural gas production, and dollar conversions by hi-tech companies to pay salaries in shekels."Also, the drop in the number of Israelis going abroad, due to the coronavirus pandemic, has accordingly reduced dollar purchases," he added."All of this causes an oversupply of billions of dollars."( With inputs from IANS )Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Home

City

Latest News

Cricket

LT Premium

National

International

Maharashtra

Opinions

Chhatrapati Sambhajinagar

Nagpur

Entertainment

Photos

Business

Technology

Sports

Lifestyle

Social Viral

Lokmat Games

Health

Pahalgam Terror Attack

Tahawwur Rana

IPL 2025

CM Devendra Fadnavis

Mumbai Local

Weather Update

Gad LiorFOLLOW

Gad lior, Latest News

Politics :Israel's budget deficit widens as tax revenues slump

Tel Aviv, May 9 The Israeli government's 12-month budget deficit increased significantly from 300 million shekels ($82 million) ... ...

Politics :Israel's GDP grows 6.5% in 2022

Jerusalem, Feb 17 Israel's economy grew 6.5 per cent in 2022, the Central Bureau of Statistics has said. ... ...

Politics :Israeli annual CPI hits 20-yr-high of 5.3%

Jerusalem, Jan 16 The consumer price index (CPI) in Israel rose by 5.3 per cent in 2022, according ... ...

Politics :Gasoline price in Israel to reach 8-yr high

Jerusalem, Feb 28 The Israeli Ministry of Energy has announced an increase in fuel prices from March 1. ... ...

International :Israeli currency hits highest rate against USD in 25 yrs

Tel Aviv, Jan 14 The Israeli shekel has increased to its highest rate since April 1996 against the ... ...