Shekel

UBS: Average wealth in Israel rose in 2023

It has been a very good period for wealth in Israel: the average wealth in shekels increased by 142%, and the median by no less than 220%.

By IDAN ERETZ/GLOBES/TNS
11/07/2024
An illustration of Israeli cryptocurrency

Bank of Israel waiting for digital Euro ahead of digital Shekel launch

The Bank of Israel plans to improve its payment system with a digital shekel, but it is waiting for other advanced economies to launch digital currencies.

By REUTERS
10/07/2024

Transportation prices spike before agreed date, surprising Israeli users

Israeli media reported that price hikes include an increase of 5% for the purchase of monthly passes.

25/06/2024

Northern escalation to impact Israel's economy - Bank of America

Much of the report's analysis of the situation in Israel focused on comparing the outlook for Israel's economy if the situation in Israel's north escalates to if it does not.

23/06/2024

Police uncover Rami Levy scandal: Cashiers steal approximately half a million in cash and products

Police in Zichron Yaakov investigated theft by "Rami Levy" cashiers, uncovering a systematic scheme. Over 50 indictments were filed for thefts worth half a million shekels.

By MAARIV
24/05/2024

Tel Aviv Stock Exchange to align trading week with global bourses

The announcement comes as shares have recovered from the October 7 Hamas attack on Israel that pushed the broad Tel Aviv 125 index.

By REUTERS
16/05/2024

Israeli woman wins NIS 16 million in lottery, to dedicate Torah scroll to parents

"I was very surprised I won. The form was in my bag for over a week. I had no clue all that time," the winner explained.

Your taxes: Paying tax on bitcoin and other virtual currency profits

The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their virtual currency gains.

By LEON HARRIS
21/04/2024

Dairy prices to jump 4.48% from May 1 for price-controlled products

Among product prices impacted, the price of one liter of bagged 3% milk will go from NIS 5.94 to NIS 6.21 and one carton of 1% milk will rise from NIS 6.41 to NIS 6.7.

15/04/2024

Israel-Hamas war doubles Israel's debt raising in 2023

The outbreak of the Israel-Hamas war in October led to a doubling of Israel's borrowing in the past year, with the state raising 160 billion shekels in debt.

By REUTERS
15/04/2024
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