Israel's central bank sells $30 billion in foreign reserves after shekel slides to seven-year low

Israel's central bank sells $30 billion in foreign reserves after shekel slides to seven-year low

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The Bank of Israel on Monday announced it will sell up to $30 billion in foreign reserves in a bid to support its domestic currency which has fallen sharply following the deadly incursion by Hamas militants over the weekend. The Israeli shekel last weakened 1.63% to trade at 3.90 against the…

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