Bank of Israel announces a change in its operating policy in the foreign exchange market

10.08.2009
 
Bank of Israel announces a change in its operating policy in the foreign exchange market
 

 
   
As already announced on 3rd August 2009, 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.
Following the adoption of this new operating policy in the foreign exchange market, the Bank of Israel announces that it will from tomorrow discontinue its program of daily purchases of US 100 million dollars in the foreign exchange market which began in July 2008.