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Jewish Journal

Tag: Currency

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  • Israel warns public on bitcoin risks, mulls regulation

    February 19, 2014 | 10:11 am

    Israel said on Wednesday it was considering regulation of bitcoin and warned citizens that using such decentralised virtual currencies was risky.

    As a crypto-currency, bitcoin is passed between two parties digitally and can be traded on exchanges for real-world currencies. Its...

  • Israel’s budget deficit soars

    January 14, 2013 | 12:36 pm

    Israel’s budget deficit for 2012 was more than double the government target, coming in at 4.2 percent of Gross Domestic Product (GDP). In addition, debt is 74 percent of GDP, making economic growth in Israel difficult.

    “I think the average Israeli should be very concerned,”...

  • Iranian police clash with protesters over currency plunge

    October 3, 2012 | 9:24 am

    Riot police clashed with demonstrators and arrested money changers in Tehran on Wednesday in disturbances over the collapse of the Iranian currency, which has lost 40 percent of its value against the dollar in a week, witnesses said.

    Police fired tear gas to disperse the...

  • Egypt unrest may hasten currency crisis

    November 21, 2011 | 11:27 am

    Violent unrest in Egypt threatens to accelerate the country’s slide toward a currency crisis, forcing a sharp depreciation of the Egyptian pound in coming months and conceivably prompting Cairo to impose capital controls.

    Even before this month’s clashes between government forces...

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  • Write ‘Free Palestine’ on currency campaign starts

    March 7, 2011 | 10:17 am

    A new campaign to peacefully promote an independent Palestinian state calls on people to write “Free Palestine” on Israeli currency.

    The campaign was launched on Facebook over the weekend and has gained attention worldwide, according to reports, which say it is likely that “Free...

  • Begin, Rabin to appear on new Israeli bills

    December 20, 2010 | 1:58 pm

    The images of the late Israeli Prime Ministers Menachem Begin and Yitzhak Rabin will appear on new Israeli currency.

    The late writer S.Y. Agnon and poet Rachel Bluwstein Sela, who was known simply as Rachel, also have been chosen for the honor.

    The Bank of Israel announced the new...

  • As U.S. dollar plummets, Israelis rediscover the shekel

    By Dina Kraft

    March 1, 2008 | 5:00 pm

    As the U.S. dollar continues its spectacular nose dive -- it has lost 20 percent of its value against the shekel in the past year -- Israelis have rediscovered the bright greens, reds and purples of their own currency.

    No longer the subject of derision or victim of hyperinflation,...

  • Falling dollar forces groups to adjust overseas spending

    By Jacob Berkman

    November 15, 2007 | 7:00 pm

    While economists fret over how the falling U.S. dollar will affect global markets, Jewish charities that rely heavily on U.S. fundraising to support programs outside the United States are facing serious budget crunches.

    The dollar has been on a slow decline against the euro since...

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