Analysis |

How Israel’s Shekel Became the Strongest Currency in the World

David Rosenberg
Send in e-mailSend in e-mail
Send in e-mailSend in e-mail
David Rosenberg

There was a time when a strong shekel would have sent shockwaves through the Israeli economy. Exports were the lifeblood of the economy and if the Israeli currency gained too much against the dollar, Israeli products became less price-competitive overseas and corporate profits evaporated. Layoffs would follow, reverberating across the non-export parts of the economy.

Comments