Israeli Currency at Lowest Level in 5 Months

The exchange rate of the Israeli currency against the US dollar decreased today, Thursday, with the dollar being traded at 3.77 Israeli shekels, marking the first time since mid-November of last year. As of 15:20 Moscow time, the dollar's exchange rate fell by 0.33 percent to 3.7797 shekels, which indicates that the Israeli currency has reached its lowest level since November 14 of the previous year, according to data from Bloomberg. The Israeli currency is under pressure amid a rising dollar, increased tensions with Iran, and the economic repercussions of the war on the Gaza Strip. The Israeli army has been conducting a devastating war on Gaza since October 7, targeting civilians, which has resulted in tens of thousands of casualties and an unprecedented humanitarian crisis.