02.01.2011 26.Tevet, 5771
Manufacturers: Strong shekel caused $3b in losses since 2009
The shekel has gained 15% against the dollar since April 2009.
The New Israeli Shekel is starting to look like the New Hebrew Man, and not everybody is happy about it.
It was an excellent past few years for the shekel, and that hurt exports, industrialists say. The country lost $3.3 billion in exports due to the appreciation of the shekel against the dollar that started in April 2009, the Manufacturers Association of Israel said….