For the first time, the Bank of Israel has announced the sale of $30 billion of foreign currency in the open market.
The statement said that the situation and the markets will continue to be reviewed and will act according to the circumstances with all available procedures.
The statement also said that up to $15 billion of liquidity will be provided to the market through the sweep mechanism.
According to international media reports, before the announcement by the Bank of Israel, the value of the Israeli currency was recorded at its lowest level in 7 and a half years.
The report also stated that the move by the Bank of Israel was taken to manage the currency’s devaluation during the attacks by Hamas.
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