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Bank of Israel: Hold On to your Dollars, Were Staging a Comeback | The Jewish Press – JewishPress.com | David Israel | 2 Shevat 5781 January 15, 2021 [Video]

Photo Credit: Screenshot from YouTube

Deputy Central Bank Chief Andrew Abir

The Bank of Israel has announced it was buying $30 billion in foreign currency in 2021 to reverse the year-long trend that landed the value of the shekel at a 25-year high of NIS 3.11 to $1 US. And while sitting on such a strong currency may be great for Israelis on shopping sprees on Amazon and Alibaba, or those booking flights and hotel rooms in the few remaining green countries on the planet – such a strong shekel is killing exports for industry, agriculture, hi-tech, and, once the country emerges from the pandemic, it would surely kill tourism as well.

And so, after weeks of using more restrained methods to save the economy from currency speculators who decided to park their billions in shekel shelters, Deputy Central Bank Chief Andrew Abir said on Thursday: “We are in an unusual situation of double-digit unemployment and negative inflation, and the Bank …

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Complete Internet Marketing Strategies For eCommerce Enthusiasts [Video]

Complete Training Courses to inspire all who wish to learn and grow.

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Ecommerce

Adafruit Industries, Unique & fun DIY electronics and kits : - Tools Gift Certificates Arduino Cables Sensors LEDs Books Breakout Boards Power EL Wire/Tape/Panel Components & Parts LCDs & Displays Wearables Prototyping Raspberry Pi Wireless Young Engineers 3D printing NeoPixels Kits & Projects Robotics & CNC Accessories Cosplay/Costuming Halloween Reseller and School Packs Internet of Things - IoT Development Boards Batteries Gift Ideas Feather CircuitPython Circuit Playground Crickit - Creative Robotics Particle STEMMA Machine Learning micro:bit Add-ons & Accessories Bluetooth PPE Microchip ecommerce, open source, shop, online shopping