Israeli Exporters on Edge With Central Bank Dollar Plan in Doubt

Israel’s biggest exporters are bracing for the end of central bank support that’s helped them stay competitive during the pandemic, a move they say may weigh on a $100 billion industry crucial to the nation’s economic rebound.

The Bank of Israel is close to exhausting a $30 billion dollar-buying program that’s reined in gains in the shekel and made exports cheaper to foreign buyers while the nation battled Covid-19. With the economy on the mend, and Governor Amir Yaron signaling July 5 that the program was a temporary salve, companies from Teva Pharmaceutical Industries Ltd. to Israel Aerospace Industries Ltd. ...