Shekel

Israel's next government faces heavy debt, high defense costs

With estimated war costs of NIS 350b and public debt near 70% of GDP, Israel’s next government must balance surging defense spending with urgent education and labor market reforms.

Bank of Israel Governor Professor Amir Yaron speaks at the Knesset; illustrative.
IDF officers

Finance Ministry report reveals major salary gaps across Israel's security organizations

Money bills

July spending record: Daily average reached NIS 1.771 Billion

 New Israeli Shekel banknotes and coins, illustrative. November 9, 2021

Strong shekel squeezes Israeli high-tech as AI reshapes the industry - opinion


Israeli woman wins NIS 16 million in lottery, to dedicate Torah scroll to parents

"I was very surprised I won. The form was in my bag for over a week. I had no clue all that time," the winner explained.

 An Illustration of Mega Millions lottery tickets on August 9, 2023.

Your taxes: Paying tax on bitcoin and other virtual currency profits

The Israeli Tax Authority has developed a new procedure for the good guys to pay tax on their virtual currency gains.

 Bitcoin

Dairy prices to jump 4.48% from May 1 for price-controlled products

Among product prices impacted, the price of one liter of bagged 3% milk will go from NIS 5.94 to NIS 6.21 and one carton of 1% milk will rise from NIS 6.41 to NIS 6.7.

Milk, with a sign reading 'the milk is limited to 2 cartons per customer,' is seen in a Jerusalem supermarket on March 22, 2023

Israel-Hamas war doubles Israel's debt raising in 2023

The outbreak of the Israel-Hamas war in October led to a doubling of Israel's borrowing in the past year, with the state raising 160 billion shekels in debt.

 Market data is seen on part of an electronic board displayed at the Tel Aviv Stock Exchange, in Tel Aviv, Israel November 4, 2020

The price of the Gaza war: How much will Israelis pay for more soldiers?

The study found that higher economic costs stemmed from reserve duty rather than regular service.

 IDF soldiers operate in the Gaza Strip, March 20, 2024.

Shekel drops as Hezbollah hits North

Israel's uncertain security situation and the threat of war in the north was part of Moody's downgrade of the country's credit rating last month.

 An illustrative image of a graph going down.

Two Israelis win NIS 9 million in latest lottery draw

The draw saw a lottery ticket and a double lottery ticket, both purchased by the couple, winning the first and second prizes.

The winners of Mifal Hapayis' NIS 9 million win is seen with their earnings on January 4, 2024

The shekel is getting stronger, but for the wrong reasons - analysis

The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.

 An illustrative image indicating financial trouble for the Israeli economy.

Inflation in Israel works its way down as interest rate cut looms

As the shekel begins a climb from recent lows, analysts anticipate interest cuts upcoming, even as early as the end of November.

VARIOUS ISRAELI banknotes are displayed for an illustrative photo. The economy is well on its way to the pre-pandemic standards of budgetary discipline.

Israel markets sink, businesses shut after Hamas attack

Factories are still operating to limit concerns over scarcity of essentials

 View of screens showing falling stocks at the Tel Aviv Stock Exchange, in the center of Tel Aviv, December 23, 2018.