Israel’s central bank halted the sale of...
Israel’s central bank halted the sale of U.S. dollars in what analysts saw as a freeze of the financial markets while Finance Minister Shimon Peres prepares an economic plan. Bank of Israel officials said the freeze on dollar sales would last at least until Tuesday and during that time the exchange rate would remain at 1.685 shekels to the dollar. On Tuesday, the Bank of Israel devalued the shekel by 5% to protect foreign currency reserves.
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