Subscribe to Print Edition | Tue., January 15, 2008 Shvat 8, 5768 | | Israel Time: 17:25 (EST+7) web haaretz.com   Back to Homepage Rosner's Domain Diplomacy Defense Jewish World Opinion National Print Edition Advertising Books Arts & Leisure Business Real Estate Easy Start Travel Week's End Anglo File

Last update - 12:36 15/01/2008 Plummeting dollar hits 9-year low, drops below NIS 3.7 By Tal Levy, The Marker Tags: shekel, CPI, Israel, economy The plummeting dollar continued to weaken against the shekel on Tuesday as the representative dollar rate dropped another 0.7 percent and was being traded at NIS 3.698. The dollar has not reached this low since August 1998 - it has dipped 3.5 percent in the past two weeks alone. Foreign currency experts explained that Tuesday's drop was spurred by a number of deals that led to the entry of hundreds of millions of dollars to Israel. Advertisement On Tuesday, the Central Bureau of Statistics is expected to release the Consumer Price Index for December. The assessments are that the CPI will put the 2007 yearly inflation rate at 3.2 percent which is above the government's 3 percent inflation target. Despite this, it appears that the Bank of Israel will not raise interest rates next month. Related articles: Lion, bear, deer, dollar After 22 years, the shekel has finally ousted the dollar Dollar rate drops below 4 shekels Bookmark to del.icio.us   Diskin's faulty math The Shin Bet's estimate of civilian casualties was revealed to be too low. Wooing minorities The color of Barack Obama's skin has returned as an issue to the campaign.   1.   the silver lining: less money for racist expansion 15:11  |  broke in USA 15/01/08

Today Online Diplomat: U.S. firmly opposes all W. Bank, E. J'lem construction Responses: 139 Israel offers Jewish Anglo doctors $60,000 to immigrate Responses: 85 Ex-U.S. envoy: Slim chance for Mideast peace by end of year Responses: 48 Historian threatens to expose post-Shoah pogroms in Poland Responses: 90 Hamas sniper kills kibbutz volunteer near Gaza fence Responses: 106 IDF kills 17 Palestinians in raids on Gaza City Responses: 119 Rosner's Domain Israel Factor: Let McCain deal with Iran Defending and rejecting the NIE on Iran (WTR) Poll: Does Bush still placing the promotion of democracy at the top of his agenda? Obama "will be the friend we want in the White House" Did Bush endorse Israel's attack in Syria? (WTR) More Headlines 17:20 Hamas sniper kills kibbutz volunteer near Gaza fence 17:23 Beirut explosion targets U.S. Embassy vehicle, kills three 16:44 IDF kills 17 Palestinians in raids on Gaza City 14:02 Diplomat: U.S. firmly opposes all W. Bank, E. J'lem construction 11:47 Israel offers Anglo doctors $60,000 in immigration incentive 10:17 PM to aides: Progress in peace talks worth risk to coalition 16:28 Eight-year-old Bedouin girl dies from severe cold spell in Negev 14:45 Bush warns Iran: New provocations will have serious consequences 09:36 Settler group refuses to vacate land slated for school for the disabled 12:36 Plummeting dollar hits 9-year low, drops below NIS 3.7 Previous Editions Select Day 14 jan 13 jan 11 jan 10 jan 09 jan 08 jan 07 jan 06 jan 04 jan 03 jan 02 jan 01 jan

Special Offers Advertisement Dead Sea Salt Beauty and skin care from the Dead Sea. Coupon code HAARETZ for 10% off! Teach & Study Program make a difference in Israel FAREWELL ISRAEL New Film The Coming War for Islamic Revival - View Movie Trailer Inbal Jerusalem Hotel Unbeatable rates at the Finest hotel in Jerusalem Long-term Israel programs MASA is your gateway. More programs. More grants. Eldan Rent a Car Israel's leading car rental company offers you a 20% discount on all online reservations AMERICANS CHOOSE DEMOCRATIC NOMINEE U.S. citizen in Israel vote in Democrats-Abroad official global primary.

Home | TV | Print Edition | Diplomacy | Opinion | Arts & Leisure | Sports | Jewish World | Underground | Site rules |

© Copyright  Haaretz. All rights reserved