The Israeli shekel was devalued again Sunday night, although the exact rate of exchange remained to be determined Monday when international stock markets opened.
The devaluation comes despite a promise by Finance Minister Yitzhak Moda’i and Bank of Israel Governor Michael Bruno only 10 days ago that the most recent devaluation was to have been the last in the foreseeable future.
Moda’i and Bruno announced Sunday night that the shekel would be devalued up to 10 percent against foreign currencies.
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