Israel’s currency, the new Israeli shekel, has experienced a significant drop of 4.73% against the US dollar, according to research conducted by City Index. The study analyzed the strength of various countries’ local currencies against the US dollar using data from the International Monetary Fund (IMF). Israel’s currency plummeted due to a combination of factors, including the economic impact of the COVID-19 pandemic and political instability in the country.
Israel’s Currency Plummets 4.73% Amid COVID-19 Economic Uncertainty
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