The dollar hit a 10-year low against the shekel.
Israeli market trading closed Thursday with the dollar valued at 3.37 shekels, the U.S. currency’s weakest point since 1997.
The dollar has plunged worldwide amid a U.S. debt crisis. There have also been signs of a slowdown in the Israeli economy.
This year, the dollar has lost more that 9.5 percent of its value against the shekel.
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.
