Big Mac Index Finds Shekel Highly Overpriced

Business Briefs: Mapi Pharma slims down, delays IPO; Matrix over-reported NIS 26m in revenue; IAI raises 450 million shekels in bonds; TASE ends down on first day in its new home.

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Big Mac index finds shekel highly overpricedThe Economist’s latest Big Mac index ranks the shekel as the world’s eighth most overvalued currency. The index, which is built on the assumption that a standardized...