The shekel’s 4.3 percent drop against the dollar this year is sufficient to benefit the economy and the government doesn’t plan to push for further weakening, Finance Minister Yuval Steinitz said.
Increasing Israel’s benchmark interest rate without an equivalent move in the U.S. would hurt the country’s exports by further strengthening the shekel, Finance Minister Yuval Steinitz said.
A “massive” aerial and naval blockade of Iran, reminiscent of the 1962 U.S. quarantine of Cuba, is needed to stop the Islamic regime from pursuing nuclear weapons, Israeli Finance Minister Yuval Steinitz said.
"Up to now, actually, nobody has really provoked us. When it happens, it will be like what happened in the past with Hamas and Islamic Jihad in Gaza, and Hezbollah in Lebanon."
- Yuval Steinitz on Oct 21, 2014