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| Moti Bassok, Hagai Amit and Dafna Maor, Haaretz Correspondents: Israel Bank intervenes in foreign currency market, buys dollars |
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Title: | like everyone on the Hebrew site was saying - SIMPLE SOLUTION |
| | Name: | Moshe | |
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| City: |
Beit Shemesh | State: |
Israel | | |
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a) print shekels on a printing press.
b) buy `hard currency` dollars at the CHEAP rate with the newly-printed crisp shekels from all the foreign speculators/
c) send the dollars overseas to pay off Israel`s foreign debt, which fortunately is mostly in dollars.
This problem is MUCH easier to deal with than the opposite problem - a shekel that is too weak. |
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