Together with the Ozzi Dollar & Swiss Franc, the Shekel is one of the 3 strongest currencies in the Developed World. We have negligible debts on credit cards, tuition fees, social security and relatively small debts on mortagages and corporations. None of our banks bought up any those mortage-backed securities.
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Diplomat David Govrin appointed Israel's new ambassador to Cairo pending cabinet approval (Haaretz)
from the article: Founding little Israel in Brooklyn