Israeli Finance Minister Ya’acov Ne’eman proposed legislation to protect Israeli renters from sharp swings in the shekel’s exchange rate with the U.S. dollar. Rents in Israel are quoted in dollars and paid in shekels. The recent decline in the shekel against the dollar has as a result driven up the rental costs.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.