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Israeli Currency hits highest rate against USD in 25 years

Shortpedia

Content Team
Image Credit: shortpedia

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, as per reports. This is the 17th daily decline of the dollar against the shekel in the last 20 trading days.