Story perspectives
Israeli Shekel Drops Below NIS 3 Amid Investment Surge
4/16/2026
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Story summary
- The Israeli shekel has fallen below NIS 3 per dollar for the first time in 31 years.
- The move is driven by increased foreign investments, especially in high-tech, generating substantial dollar inflows.
- Consumers benefit from lower import prices and reduced inflation.
- Exporters and high-tech firms face pressure, with 40% and 55% respectively considering relocation abroad.
- Manufacturers seek targeted measures, such as allowing tax payments in dollars.
