Shekel Plunges as Bank of Israel Sets Reserve Requirement for Derivatives
Posted by admin in Finance Thursday, 20 January 2011 18:38 No Comments
Shekel Plunges as Bank of Israel Sets Reserve Requirement for Derivatives
The shekel tumbled the most since August 2009 after the Bank of Israel set a 10 percent reserve requirement for foreign-exchange derivative transactions by non- residents to stem gains in the currency after a 7.6 percent increase last year.
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