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Bethel Finance news:
Israel's finance minister Tuesday heralded the recent weakening of the Israeli shekel and a benign inflation outlook, saying they are improving the country's already healthy economy.
The Israeli shekel has weakened more than 12% against the dollar from its strongest point in 2011, creating a reprieve for the country's export-focused economy. Israel's central bank intervened in the foreign exchange market last year in order to curb the shekel's gains. Currently, however, the dollar trades around ILS3.780 against the shekel; this compares with ILS3.6 in October and ILS3.4 last summer
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