Bank of Israel will act in the foreign exchange market in the event of unusual movements in the exchange rate

03.08.2009
 
Bank of Israel will act in the foreign exchange market in the event of unusual movements in the exchange rate
 
From now on, the Bank of Israel will act in the foreign exchange market in the event of unusual movements in the exchange rate which are inconsistent with underlying economic conditions, or when conditions in the foreign exchange market are disorderly.
The Bank of Israel is continuing its daily purchases of $100 million in the foreign exchange market.