The Israeli currency fell by 2.08% against the dollar to 3.94 shekels per dollar and 2.12% against the euro to 4.16 shekels on Monday, October 9, 2023 at 16:30 Paris time. In an effort to stabilize prices, the country's central bank decided to massively buy its own currency

La Banque d' Israël announced that it was intervening in the market for exchange to massively buy its currency and support its exchange rate. The Israeli monetary institute said in a statement that “the Bank of Israel is announcing a program to sell up to $30 billion,” and buy shekels instead to “moderate the volatility on the shekel exchange rate and to provide the liquidity necessary for the proper functioning of the market.” In fact, the Israeli military, in a new report released Monday morning, indicated that since the start of the Hamas attack style="font-family: "Bookman Old Style”, “serif""> on Saturday, more than 700 Isra Israelis have been killed and 2,150 injured, and this geopolitical instability has prompted investors to sell their shekels to seek refuge in other currencies, such as the