Israeli Monetary Policy

The US dollar lost 7% of its worth vis-a-vis the Israeli sheqel this year. The very strong message/pressure of the advisers to diversify to foreign markets has proved to be wrong. Happily I continued putting all my eggs in one basket, TASE Tel Aviv Stock Exchange.

I think the sheqel is kept strong and expensive because (1) foreign investment is flowing in to Israeli startups, and (2) the government tries to force down prices, including importing fresh fruits and cheese and meat. I used to pay 1000 sh per visit to the supermarket, today it is 500. The cost of living is lower. Where the gov is failing is in driving down apartment prices, it is not working.