Article: Central bank steps in to stem dollar's slide. Fischer to 'Post': The dollar has moved against us... Exporters have to start reorienting themselves

SHARON WROBEL, Bloomberg contributed to this report.
Jerusalem Post
03-14-2008
Headline: Central bank steps in to stem dollar's slide. Fischer to 'Post': The dollar has moved against us... Exporters have to start reorienting themselves
Byline: SHARON WROBEL, Bloomberg contributed to this report.
Edition; Daily
Section: News
Page: 01

Friday, March 14, 2008 -- The Bank of Israel intervened in the foreign exchange market on Thursday for the first time since 1997, buying an undisclosed amount of foreign currency as the shekel-dollar exchange rate fell below the psychological barrier of NIS 3.40.

The move is designed to stem the recent decline in the dollar against the shekel, before it causes ...

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