Dollar

Strong shekel squeezes Israeli high-tech as AI reshapes the industry - opinion

What appears from the outside to be a badge of economic excellence looks from within like a sharp cut in revenue: the dollars keep coming in, but once converted into shekels, they are worth far less.

 New Israeli Shekel banknotes and coins, illustrative. November 9, 2021
Illustration: High tech office

Oxygen of NIS 1B for hi-tech: Who will receive state aid and who will be left out?

Shekel-dollar ilustrative picture.

Innovation Authority launches NIS 1 billion solution for companies hit by shekel-dollar crisis

 An American $100 dollar bill.

US resumes transfer of American currency to Iraq after Iran-related suspension - report


Inflation and housing prices show continued declines in Israel

Housing prices declined 1.3% over the past year, oil prices fell following the Iran agreement, and the dollar recovered after an early drop.

Israeli real estate – construction site.

Bank Hapoalim caps dollar rate for Israelis’ summer travel

Eligible customers who register will receive cashback if the US dollar rises above NIS 2.89 on card transactions abroad and online, the bank said.

Bank Hapoalim

Lebanon burns foreign reserves to hold pound steady in face of devastating war losses - analysis

Currency stability has held near 89,500 to the dollar, but reserves, banks, households, and public confidence remain under heavy strain.

A protester burns fake US dollars during a pro-Iranian regime demonstration in front of the Iranian consulate in Istanbul, on January 18, 2026.

Nvidia, Google ask to pay Israel taxes in dollars as shekel gains

Tech giants, and Nvidia in particular, are among the biggest employers in Israel, and their impact on the local economy is enormous

Nvidia in Israel.

Amid shekel-dollar crisis: Hi-tech sector gains strength as Israel's main export with 58% in 2025

The trend is driven mainly by the sector's dominance of Software-as-a-Service (SaaS) projects, which export these services overseas and are highly dependent on foreign-currency income.

Evening view of the Tel Aviv skyline. October 26, 2025.

Bank of Israel cuts interest rates, inflation stable despite Iran war

Exporters have called on the Bank of Israel to lower rates or intervene in the foreign exchange market.

 BANK OF Israel headquarters in Jerusalem: Israel’s favorable environment for economic development has been accompanied by an impressive improvement in the country’s credit rating, say the writers.

Israel's high-tech faces unexpected crisis as dollar slides 20% against shekel

The dollar fell by approximately 20% against the shekel over the last year, which puts companies that depend on dollar income at risk.

 High-tech company, illustration

A strong shekel, a weakened export engine

According to Export Institute figures, 2025 was a record year for Israeli exports. Total exports reached $164 billion, up 10%. Services exports crossed $90 billion for the first time.

The New Israeli Shekel (NIS) is stronger than ever.

Dollar falls below three shekels for first time in over 30 years, annual inflation rate declines

Avraham Novogrocki, president of Israel’s Manufacturers’ Association, which represents some 1,500 firms and 400,000 workers, said the strong shekel posed a risk to the economy.

Israeli shekel

Trump signature to appear on US currency, ending 165-year tradition

The first $100 bills bearing Trump's signature and those of US Treasury Secretary Scott Bessent will be printed in June, followed by other denominations in subsequent months.

US President Donald Trump writes his signature, as he signs executive orders and proclamations in the Oval Office at the White House in Washington, DC, US, April 9, 2025.