>In 2024, the dollar had its strongest year since 2015, gaining over 7% against the world’s major currencies. But despite the war, the shekel matched the US dollar over the past year. In the weeks following October 7, at its weakest the shekel-dollar rate reached NIS 4.08/$ only to recover to NIS 3.627/$ by the end of 2023. Throughout 2024 the shekel-dollar rate has been relatively stable, closing up 0.027% today at NIS 3.647/$.
Since Hamas declared a war on Israel, which became a long conflict with Israel fighting on multiple fronts, I’ve seen plenty of claims in reddit about Israel’s economy and it’s ability to handle it.
So far it seems that despite some specific living costs going up, the country is stable with things like the Shekel, some high tech sectors and of course weapons sales outperforming the majority of the world.
Commercial-Set3527 on
“war is a racket.”
Plenty-Block2540 on
This seems like a cherry picked article to confirm some biased and pretend like everything is okay. Tens of thousands of citizens have left signaling brain drain, closing of ports, tourism down significantly and probably won’t rebound for years (decades?), less foreign investment, fewer opening up satellite offices by international companies, and more.
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>In 2024, the dollar had its strongest year since 2015, gaining over 7% against the world’s major currencies. But despite the war, the shekel matched the US dollar over the past year. In the weeks following October 7, at its weakest the shekel-dollar rate reached NIS 4.08/$ only to recover to NIS 3.627/$ by the end of 2023. Throughout 2024 the shekel-dollar rate has been relatively stable, closing up 0.027% today at NIS 3.647/$.
Since Hamas declared a war on Israel, which became a long conflict with Israel fighting on multiple fronts, I’ve seen plenty of claims in reddit about Israel’s economy and it’s ability to handle it.
So far it seems that despite some specific living costs going up, the country is stable with things like the Shekel, some high tech sectors and of course weapons sales outperforming the majority of the world.
“war is a racket.”
This seems like a cherry picked article to confirm some biased and pretend like everything is okay. Tens of thousands of citizens have left signaling brain drain, closing of ports, tourism down significantly and probably won’t rebound for years (decades?), less foreign investment, fewer opening up satellite offices by international companies, and more.