Bank of Israel to Sell $30 Billion in Forex


Bank of Israel to Sell $30 Billion in Forex

 

The Bank of Israel has announced plans to sell $30 billion in foreign exchange reserves in an effort to stabilize the Israeli shekel amid the ongoing conflict between Israel and Gaza. The move comes as the shekel has experienced fluctuations in value due to the uncertainty and volatility in the region. The central bank aims to mitigate the impact of the conflict on Israel's economy and currency by providing stability through the forex sales.

 

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