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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.