Current sectionIsrael NewsEconomy & FinanceShare to FacebookShare to XArticle printing is available to subscribers onlyPrint in a simple, ad-free formatSubscribeComments: Zen reading is available to subscribers onlyAd-free and in a comfortable reading formatSubscribeA U.S. $100 dollar bill. The U.S. president has pursued policies aimed at weakening the dollar in an effort to boost American competitiveness and revive U.S. manufacturing. Credit: Sam Mircovich/ REUTERSThe shekel's surge is stinging Israeli exporters, but as politicians pressure the central bank on interest rates, they're silent on currency markets, reflecting the limits of economic independence under a U.S. president Israel can't afford to defySami Peretz03:32 PM • June 01 2026 IDTA year ago, the idea that the dollar could fall to 2.80 shekels would have sounded far-fetched. But that's where we are as the greenback extends its sharp decline against the Israeli currency. Loading...Click the alert icon to follow topics:Israel economyBank of IsraelDonald TrumpIsrael high-techIsrael - U.S.Israel business newsCommentsLoading...In the NewsIn the News: Israel-Iran Live UpdatesBeaufort CastleHezbollahHaaretz BoycottGazaIsrael ElectionsDraft EvasionHaQuizHaaretz PodcastWhy the Bank of Israel Isn't Fighting the Dollar's Sharp Decline: TrumpIsrael's Top Judge Warns Against Efforts to Undermine Election ResultsIsraeli Ultra-Orthodox Protesters Storm Police Station Over Draft Evasion ArrestIsraeli High Court Hears Challenge to Government's Boycott of Haaretz11 Years After Oil Spill, Israeli Nature Reserve to Undergo Soil RestorationRemembering and rebuilding two years laterICYMIIsrael Orders Unprecedented Seizure of Religious Site From Palestinian AuthorityIsrael 2026 Election Poll Tracker: The Latest ProjectionsUN Report Accuses Israeli Forces of Rape, Sexual Abuse of Palestinian DetaineesPentagon Leaks Signal U.S. Effort to Blame Israel for Risks of Renewed Iran WarNot Lapid or Bennett: Could This Former IDF Chief Be Israel's Next Leader?After October 7, More and More Americans and Britons Are Choosing Judaism. Why?