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Israeli Exporters on Edge With Central Bank Dollar Plan in Doubt

Aug. 1, 2021, 4:00 AM

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. ...

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