The shekel is getting stronger, but for the wrong reasons - analysis

The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.

An illustrative image indicating financial trouble for the Israeli economy.

An illustrative image indicating financial trouble for the Israeli economy.

(photo credit: INGIMAGE)

ByZACHY HENNESSEY

DECEMBER 24, 2023 19:15

Updated: DECEMBER 24, 2023 22:32

RECOMMENDED STORIES

An Israeli flag is affixed to a pole in solidarity with victims near the scene of an attack in Boulder, Colorado, on May 31, 2025.

Family of Boulder attacker can be deported, Texas judge rules after dismissing family's lawsuit

JULY 3, 2025

‘I am the only one in Europe today dealing in military munitions with Israel, and that is why I am often criticized by colleagues,’ Serbian President Aleksandar Vucic said a few months ago.

Actions, not words: The three European countries that came to Israel's aid after Oct. 7

JULY 3, 2025

Oya Budak.

Turkish teenager honor killed after fiance learns she was carrying baby conceived by rape

JULY 2, 2025

Underwater ruins. Illustration.

Archaeologist says Atlantis ruins found near Cadiz; giant tsunami likely caused its destruction

JULY 3, 2025

Hot Opinion

In Washington, Netanyahu must prioritize bringing home hostages before Iran

ByJPOST EDITORIAL

Michael Masters

A dangerous new chapter: The threat of North American domestic terror

ByMICHAEL MASTERS

An Iron Dome of values: Israel's future lies in Herzl's vision

ByIRINA NEVZLIN

Poor habits cause death more than disease

ByALAN FREISHTAT