Shekel slumps 1.6% against dollar after IDF chief hints at war with Iran

The shekel slipped against the dollar to its lowest level in years Wednesday as markets reacted a day after IDF Chief of Staff Herzi Halevi warned of looming war with Iran.

The rate of NIS 3.73 marked the furthest the currency has fallen against the dollar since mid-March 2020, when newly imposed pandemic restrictions briefly sent markets into a tailspin.

On Tuesday, Halevi warned of “possible negative developments on the horizon that could prompt” military action against Iran. READ MORE